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  4. 2008 Model Year

2008 Honda Accord Insurance Rates

Average insurance rates for a 2008 Honda Accord are $1,040 a year including full coverage. Comprehensive insurance costs an estimated $172, collision insurance costs $276, and liability costs $440. Buying a liability-only policy costs as little as $488 a year, and high-risk insurance costs $2,250 or more. Teen drivers receive the highest rates at up to $4,136 a year.

Annual premium for full coverage: $1,040

Rate estimates for 2008 Honda Accord Insurance

Comprehensive $172
Collision $276
Liability $440

Rate data is compiled from all 50 U.S. states and averaged for all 2008 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 a 40-year-old driver, prices range range from as low as $488 for just liability insurance to a much higher rate of $2,250 for high-risk insurance.

Liability Only $488
Full Coverage $1,040
High Risk $2,250

View Chart as Image

2008 Honda Accord insurance rates compared
Column chart showing 2008 Honda Accord insurance prices range from $621 to $4,136 for full coverage

These differences highlight why anyone shopping for car insurance should compare rates for a targeted area and risk profile, instead of making a decision based on price averages.

Use the form below to get rates for your location.

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Recommended Companies for Cheap 2008 Honda Accord Insurance

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Trying to find lower auto insurance rates for your Honda Accord? Are you a victim of high-priced auto insurance? Trust us, many consumers feel financially strained by their auto insurance policy.

There are many auto insurance companies to buy insurance from, and although it’s nice to have a choice, so many choices can make it hard to find a good deal.

It’s a great practice to shop coverage around on a regular basis because insurance rates are variable and change quite frequently. Just because you found the best deal on Accord insurance a year ago the chances are good that you can find a lower rate today. Starting now, block out anything you think you know about auto insurance because I’m going to teach you the quickest way to properly buy coverages and cut your premium.

This article will teach you how to effectively get price quotes. If you currently have a car insurance policy, you should be able to lower your premiums substantially using these techniques. Nevertheless, consumers do need to know the way companies market insurance on the web.

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Cheap Auto Insurance Comparisons

There are several ways to compare Honda Accord auto insurance prices and some are more efficient than others. You can spend countless hours talking about coverages with local insurance agents in your area, or you could save time and use the web to get prices fast.

Many of the larger companies participate in a marketplace that allows shoppers to send in one quote, and each company can provide price quotes for coverage. This system prevents you from having to do quote requests for each company.

To find out how much you’re overpaying now click to open in new window.

The only drawback to pricing coverage this way is you are unable to specify which providers to get quotes from. So if you prefer to pick specific providers to receive pricing from, we put together a list of companies who write auto insurance in your area. Click to view list.

It’s up to you how you get prices quotes, just compare apples-to-apples coverage limits on every quote. If you compare higher or lower deductibles it will be impossible to determine the lowest rate for your Honda Accord. Just a small difference in coverages can make a big difference in price. And when quoting auto insurance, remember that quoting more will enable you to find the best price.

Discounts mean cheaper Honda Accord insurance rates

Car insurance is not cheap, buy you may qualify for discounts to help bring down the price. Certain discounts will be triggered automatically at the time you complete a quote, but lesser-known reductions have to be specifically requested prior to getting the savings.

  • Auto/Life Discount – Larger companies have lower rates if you buy life insurance.
  • Anti-theft System – Cars that have factory anti-theft systems prevent vehicle theft and earn discounts up to 10%.
  • 55 and Retired – If you’re over the age of 55, you may qualify for better auto insurance rates on Accord insurance.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes prevent accidents and qualify for as much as a 10% discount.
  • Homeowners Discount – Owning a home may trigger a auto insurance policy discount due to the fact that maintaining a home shows financial diligence.
  • Federal Government Employee – Employees or retirees of the government can earn a discount up to 10% on Accord insurance with select insurance companies.
  • Low Mileage – Driving fewer miles could qualify for better rates on cars that stay parked.

A little note about advertised discounts, most of the big mark downs will not be given to the entire policy premium. Most only reduce specific coverage prices like collision or personal injury protection. So when it seems like adding up those discounts means a free policy, it just doesn’t work that way. But all discounts will reduce the cost of coverage.

A partial list of companies that possibly offer these discounts include:

Double check with every prospective company which discounts they offer. Some discounts may not be available in your state.

Tailor your coverage to you

When buying coverage for your personal vehicles, there is no “perfect” insurance plan. Every situation is different so your insurance should reflect that For example, these questions may help you determine whether or not you will benefit from professional help.

  • Does my insurance cover a custom paint job?
  • Can I afford to buy a different vehicle if my 2008 Honda Accord is totaled?
  • Am I covered if I crash into my own garage door?
  • Are all vehicle passengers covered by medical payments coverage?
  • How high should my medical payments coverage be?
  • Am I covered if I drive in a foreign country?

If it’s difficult to answer those questions, you might consider talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of insurance coverage companies in your area.

Honda Accord rate determination is complex

Smart consumers have a good feel for some of the elements that help determine the rates you pay for insurance. When you know what positively or negatively impacts premium levels empowers consumers to make smart changes that could result in better insurance rates.

The following are some of the items used by your company to calculate premiums.

  • Traffic citations inflate rates – Even a single ticket may increase your cost forty percent or more. Drivers with clean records tend to pay less for car insurance than bad drivers. Drivers who get serious violations such as hit and run, DWI or reckless driving convictions may be required to submit a SR-22 form with their state DMV in order to continue driving.
  • Do you know you’re credit rating? – Having a bad credit rating is a huge factor in determining your rates. People with good credit tend to be more responsible as compared to drivers with lower credit scores. So if your credit history can use some improvement, you could save money insuring your 2008 Honda Accord by repairing your credit.
  • Where you live – Living in less populated areas can save you money when it comes to insurance. Drivers in populated areas have traffic congestion and much longer commute distances. Lower population means fewer accidents and a lower car theft rate.
  • Don’t buy coverages you don’t need – There are a ton of extra bells and whistles that you can get tricked into buying when buying insurance. Insurance for rental car reimbursement, accidental death and motor club memberships are some examples. They may seem good when you first buy your policy, but if you don’t need them eliminate the coverages to reduce your premium.
  • Men fork out a little more – The statistics show that women are safer drivers than men. Now that doesn’t mean women are better drivers. Both sexes are in accidents at about the same rate, but the male of the species tend to have more serious accidents. Men also tend to get more serious tickets like DUI and reckless driving.

Parts of your insurance policy

Learning about specific coverages of insurance can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. These are the usual coverages offered by insurance companies.

Collision coverage

Collision insurance will pay to fix damage to your Accord from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like scraping a guard rail, backing into a parked car, crashing into a building, crashing into a ditch and driving through your garage door. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

Auto liability

This can cover damages or injuries you inflict on other people or property in an accident. It protects you from legal claims by others. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have a combined limit which limits claims to one amount without having the split limit caps.

Liability insurance covers things such as structural damage, bail bonds and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive (Other than Collision)

This pays for damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things such as rock chips in glass, damage from a tornado or hurricane and fire damage. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical expense insurance

Medical payments and Personal Injury Protection insurance pay for bills for X-ray expenses, nursing services, EMT expenses and ambulance fees. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Protection from uninsured/underinsured drivers

This provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Honda Accord.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Frequently these limits do not exceed the liability coverage limits.

More choices the merrier

You just read quite a bit of information on how to get a better price on 2008 Honda Accord insurance. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding lower rates. Consumers could even find that the most savings is with an unexpected company. These smaller insurers may have significantly lower rates on certain market segments than the large multi-state companies such as Allstate, GEICO and Progressive.

When shopping online for insurance coverage, make sure you don’t reduce coverage to reduce premium. There are many occasions where drivers have reduced liability limits or collision coverage only to regret at claim time that the few dollars in savings costed them thousands. Your goal should be to purchase plenty of coverage at a price you can afford, not the least amount of coverage.

Cost effective insurance can be found online and also from your neighborhood agents, and you need to comparison shop both so you have a total pricing picture. Some insurance providers may not provide the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.

More tips and info about insurance coverage can be read by following these links:

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Rates by U.S. City

2008 Honda Accord Insurance Rates by City
CityPremium
New York City, NY$2,031
Los Angeles, CA$1,749
Philadelphia, PA$1,641
Jacksonville, FL$1,629
Phoenix, AZ$1,462
Chicago, IL$1,393
Houston, TX$1,297
Seattle, WA$1,154
Columbus, OH$883
Indianapolis, IN$836

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Rates by Driver Age

2008 Honda Accord Insurance Rates by Driver Age
Driver AgePremium
16$4,136
20$2,396
30$1,062
40$1,040
50$952
60$936

Full coverage, $500 deductibles

Rates by Deductible

2008 Honda Accord Insurance Rates with Different Deductibles
DeductiblePremium
$100$1,234
$250$1,144
$500$1,040
$1,000$938

Full coverage, driver age 40

Rates by Liability Limit

Honda Accord Insurance Rates with Different Liability Limits
Liability LimitPremium
30/60$1,040
50/100$1,128
100/300$1,238
250/500$1,524
100 CSL$1,172
300 CSL$1,414
500 CSL$1,590

Full coverage, driver age 40

Rates for High Risk Drivers

2008 Honda Accord Insurance Rates for High Risk Drivers
AgePremium
16$5,846
20$3,820
30$2,272
40$2,250
50$2,152
60$2,126

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 $142

Potential Rate Discounts

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

DiscountSavings
Multi-policy$53
Multi-vehicle$56
Homeowner$18
5-yr Accident Free$67
5-yr Claim Free$66
Paid in Full/EFT$40
Advance Quote$48
Online Quote$71
Total Discounts$419
Rate after discounts $621

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

2008 Honda Accord Insurance Rates by State
StatePremium
Alabama$998
Alaska$852
Arizona$1,044
Arkansas$1,054
California$1,166
Colorado$1,080
Connecticut$1,360
Delaware$1,264
Florida$1,404
Georgia$1,032
Hawaii$1,122
Idaho$724
Illinois$774
Indiana$740
Iowa$782
Kansas$956
Kentucky$1,346
Louisiana$1,684
Maine$714
Maryland$1,068
Massachusetts$916
Michigan$1,912
Minnesota$912
Mississippi$1,018
Missouri$886
Montana$944
Nebraska$858
Nevada$1,344
New Hampshire$850
New Jersey$1,036
New Mexico$962
New York$1,354
North Carolina$738
North Dakota$1,010
Ohio$730
Oklahoma$1,262
Oregon$972
Pennsylvania$1,172
Rhode Island$1,262
South Carolina$970
South Dakota$814
Tennessee$934
Texas$998
Utah$922
Vermont$738
Virginia$748
Washington$916
West Virginia$1,058
Wisconsin$1,060
Wyoming$1,150

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