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  4. 2003 Model Year

2003 Honda Accord Insurance Rates

Average insurance rates for a 2003 Honda Accord are $914 a year for full coverage insurance. Comprehensive costs around $132 each year, collision insurance costs $180, and liability insurance costs around $450. Buying a liability-only policy costs as low as $496 a year, and high-risk insurance costs around $1,970. Teenage drivers receive the highest rates at up to $3,742 a year.

Annual premium for full coverage: $914

Rate estimates for 2003 Honda Accord Insurance

Comprehensive $132
Collision $180
Liability $450

Rate data is compiled from all 50 U.S. states and averaged for all 2003 Honda Accord models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

For the average driver, prices range range from as low as $496 for the bare minimum liability coverage to a high rate of $1,970 for a driver that may need high-risk insurance.

Liability Only $496
Full Coverage $914
High Risk $1,970

View Chart as Image

2003 Honda Accord insurance rates compared
Column chart showing 2003 Honda Accord insurance prices range from $557 to $3,742 for full coverage

These differences illustrate why all drivers should compare prices for a specific zip code and risk profile, rather than relying on average rates.

Use the form below to get rates for your location.

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Recommended Companies for Cheap 2003 Honda Accord Insurance

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Have you fallen victim to an overpriced car insurance policy? Trust us, you’re not the only one.

There are many auto insurance companies to choose from, and even though it’s nice to have multiple companies, too many choices makes it more difficult to compare rates and find the lowest cost car insurance.

Impacting insurance rates for a Honda Accord

It’s important that you understand some of the elements that help determine the price you pay for insurance. When you know what positively or negatively influences your rates empowers consumers to make smart changes that may reward you with lower insurance prices.

  • Discounts for married couples – Being married actually saves money when buying insurance. Marriage is viewed as being more responsible and it’s statistically proven that married drivers get in fewer accidents.
  • Drive less and save money – The more you drive each year the higher your rates will be. Almost all companies price each vehicle’s coverage based on their usage. Cars and trucks not used for work or commuting receive lower rates as compared to vehicles used primarily for driving to work. An improperly rated Accord may be wasting your money. Ask your agent if your insurance policy is showing the correct driver usage, because improper ratings can cost you money.
  • Do you have a high stress job? – Occupations such as lawyers, architects and financial analysts tend to pay higher average rates due to stressful work requirements and long work hours. Conversely, occupations like scientists, engineers and the unemployed have the lowest average rates for Accord insurance.
  • Never let your coverage lapse – Driving your car without having proper coverage is illegal and insurance companies will penalize you for letting your coverage have a gap. And not only will your rates increase, but being ticketed for driving with no insurance may earn you a license revocation or jail time.
  • Mature drivers pay less – Youthful drivers are statistically proven to be more careless behind the wheel so they pay higher insurance rates. If you’ve ever had to add a young driver to your policy can be very expensive. Older drivers are viewed as being more responsible, statistically cause fewer accidents and are safer drivers.
  • Theft deterrents lower rates – Driving a car with a theft deterrent system can help lower your rates. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder car theft.
  • Increase deductibles and save – Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your Honda. Examples of covered claims are collision with another vehicle, damage from fire, and rolling your vehicle. Deductibles for physical damage are how much you are willing to pay if you file a covered claim. The more you’re willing to pay, the lower your rates will be for Accord insurance.

Discounts can save BIG

Insuring your fleet can be pricey, but there are discounts available to cut the cost considerably. A few discounts will automatically apply at quote time, but lesser-known reductions have to be manually applied before you get the savings.

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  • Safety Course Discount – Successfully completing a course in driver safety could possibly earn you a 5% discount if you qualify.
  • Multiple Policy Discount – When you have multiple policies with one insurance company you may save approximately 10% to 15%.
  • Discounts for Safe Drivers – Drivers who avoid accidents can pay as much as 50% less for Accord insurance than their less cautious counterparts.
  • Military Discounts – Having a deployed family member could be rewarded with lower premiums.
  • Theft Prevention Discount – Cars that have factory anti-theft systems can help prevent theft and will save you 10% or more.
  • Air Bag Discount – Factory air bags or automatic seat belts can get savings of 20% or more.

Drivers should understand that most of the big mark downs will not be given the whole policy. Most only apply to individual premiums such as comp or med pay. So when it seems like having all the discounts means you get insurance for free, you’re out of luck. But any discount will help reduce your premiums.

To see a list of companies with the best auto insurance discounts, click this link.

Misconceptions in car insurance advertisements

Car insurance providers like GEICO, State Farm and Progressive regularly use television and radio advertisements. They all say the same thing about savings if you move your policy. How do they all claim to save you money?

Different companies can use profiling for the driver that makes them money. An example of a desirable insured might be profiled as between the ages of 40 and 55, has no driving citations, and drives newer vehicles. Any new insured who matches those parameters gets the lowest rates and therefore will pay quite a bit less when switching companies.

Potential insureds who are not a match for this ideal profile will have to pay a higher premium which usually ends up with the driver buying from a lower-cost company. Company advertisements say “customers that switch” not “everyone that quotes” save that much money. That’s why insurance companies can make the claims of big savings.

Because of the profiling, you need to get as many quotes as possible. Because you never know which car insurance company will give you the biggest savings on Honda Accord insurance.

Will just any policy work for me?

When it comes to choosing proper insurance coverage for your vehicles, there is no single plan that fits everyone. Your needs are not the same as everyone else’s and your policy should reflect that. These are some specific questions might point out whether or not you may require specific advice.

  • Are rock chip repairs covered?
  • What discounts do I qualify for?
  • Should I get collision insurance on every vehicle?
  • If my 2003 Honda Accord is totaled, can I afford another vehicle?
  • Does my medical payments coverage pay my health insurance deductible?
  • I have a DUI can I still get coverage?
  • Can I rate high risk drivers on liability-only vehicles?

If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.

What auto insurance coverages do you need?

Learning about specific coverages of your policy aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. These are the usual coverages found on most auto insurance policies.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle from other motorists when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your 2003 Honda Accord.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Liability insurance

Liability insurance provides protection from damages or injuries you inflict on a person or their property. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Another option is a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against things such as repair costs for stationary objects, structural damage and court costs. How much coverage you buy is your choice, but consider buying higher limits if possible.

Comprehensive insurance

This coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as a broken windshield, damage from getting keyed, hitting a bird, rock chips in glass and damage from flooding. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like doctor visits, pain medications, chiropractic care, surgery and EMT expenses. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Collision coverage protection

This coverage pays for damage to your Accord resulting from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as sideswiping another vehicle, driving through your garage door, colliding with another moving vehicle, backing into a parked car and hitting a parking meter. This coverage can be expensive, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible to bring the cost down.

More comparisons equals lower rates

Budget-conscious 2003 Honda Accord insurance can be found online in addition to many insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some companies do not provide online quoting and usually these smaller companies provide coverage only through local independent agents.

As you go through the steps to switch your coverage, do not skimp on critical coverages to save a buck or two. There are a lot of situations where an accident victim reduced uninsured motorist or liability limits only to find out that saving that couple of dollars actually costed them tens of thousands. Your aim should be to purchase plenty of coverage at the best price while not skimping on critical coverages.

You just read many ideas to get a better price on insurance. The key concept to understand is the more providers you compare, the better chance you’ll have of finding lower rates. Consumers may even find the lowest priced insurance comes from a small mutual company. Regional companies may only write in your state and offer lower rates than their larger competitors like State Farm or Progressive.

For more information, feel free to visit the following helpful articles:

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Rates by U.S. City

2003 Honda Accord Insurance Rates by City
CityPremium
New York City, NY$1,782
Los Angeles, CA$1,533
Philadelphia, PA$1,439
Jacksonville, FL$1,429
Phoenix, AZ$1,282
Chicago, IL$1,220
Houston, TX$1,141
Seattle, WA$1,013
Columbus, OH$779
Indianapolis, IN$732

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Rates by Driver Age

2003 Honda Accord Insurance Rates by Driver Age
Driver AgePremium
16$3,742
20$2,096
30$924
40$914
50$838
60$822

Full coverage, $500 deductibles

Rates by Deductible

2003 Honda Accord Insurance Rates with Different Deductibles
DeductiblePremium
$100$1,052
$250$988
$500$914
$1,000$842

Full coverage, driver age 40

Rates by Liability Limit

Honda Accord Insurance Rates with Different Liability Limits
Liability LimitPremium
30/60$914
50/100$1,004
100/300$1,117
250/500$1,409
100 CSL$1,049
300 CSL$1,297
500 CSL$1,477

Full coverage, driver age 40

Rates for High Risk Drivers

2003 Honda Accord Insurance Rates for High Risk Drivers
AgePremium
16$5,262
20$3,342
30$1,980
40$1,970
50$1,886
60$1,862

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $123

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

DiscountSavings
Multi-policy$46
Multi-vehicle$50
Homeowner$17
5-yr Accident Free$54
5-yr Claim Free$57
Paid in Full/EFT$32
Advance Quote$40
Online Quote$61
Total Discounts$357
Rate after discounts $557

Discounts are estimated and may not be available from every company or in every state.

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