2016 Honda Accord Hybrid Insurance Rates
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UPDATED: Apr 9, 2020
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Average insurance rates for a 2016 Honda Accord Hybrid are $1,422 a year including full coverage. Comprehensive insurance costs approximately $292 each year, collision insurance costs $618, and liability insurance costs $376. Buying a liability-only policy costs as little as $426 a year, and high-risk insurance costs $3,108 or more. Teenage drivers receive the highest rates at up to $5,270 a year.
Annual premium for full coverage: $1,422
Rate estimates for 2016 Honda Accord Hybrid Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2016 Honda Accord Hybrid 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 $426 for just liability coverage to a high rate of $3,108 for high-risk insurance.
These differences highlight why all drivers should compare rates using their specific location and risk profile, rather than relying on average rates.
Use the form below to get rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Recommended Companies for Cheap 2016 Honda Accord Hybrid Insurance
Searching for better insurance coverage rates for your Honda Accord Hybrid? Expensive Honda Accord Hybrid insurance can bleed your budget and make it hard to pay other bills. Doing a rate comparison is an excellent way to make ends meet.
Numerous insurers battle for your business, and it can be difficult to compare rates and get the best coverage at the best rate
You should take the time to get comparison quotes once or twice a year due to the fact that insurance prices are variable and change quite frequently. Just because you had the best deal on Accord Hybrid insurance on your last policy you may be paying too much now. Ignore everything you know about insurance coverage because we’re going to demonstrate the fastest and easiest way to reduce your cost while improving coverage.
If you have insurance now or are shopping for new coverage, you will benefit by learning to find the best rates and still get good coverage. Finding the best rates is quite easy. Drivers only need to know the proper methods to compare company rates over the internet.
How to compare auto insurance rate quotes
Getting cheap 2016 Honda Accord Hybrid auto insurance pricing can be surprisingly simple. Just take a few minutes comparing free insurance coverage quotes from some recommended companies. It’s super easy and can be done using a couple different methods.
- One of the simplest ways to find low rates is an all-inclusive rate comparison. This type of form keeps you from doing separate quotation requests for each company you want a rate for. Just one form gets coverage cost estimates direct from many companies.
- A different way to get comparison quotes is to take the time to go to each company website and repeat the quote process again and again. For sake of this example, let’s say you need rates from Nationwide, Esurance and Farmers. To do that, you would have to go to each individual site and punch in your information repeatedly, which is why the first method is quicker.
- The least efficient method to get rate quotes is driving to all the different insurance agencies. Comparing online rate quotes has made agencies unnecessary unless you have a complicated situation and need the personal advice that only a licensed agent can provide. However, consumers can price shop your coverage online but purchase the actual policy in an agency.
The approach you take is up to you, just ensure you’re using equivalent coverage limits for every company. If your comparisons have different values for each quote it will be impossible to determine the lowest rate for your Honda Accord Hybrid.
Do you qualify for discounts?
Insurance is neither fun to buy or cheap, but there may be some discounts to help bring down the price. Some discounts will apply when you purchase, but once in a while a discount must be inquired about prior to receiving the credit.
- Bundled Policy Discount – If you combine your auto and homeowners policies and insure them with the same company they may give you a discount of up to 20% off your total premium.
- Discount for Low Mileage – Keeping the miles down on your Honda can qualify you for slightly better rates than normal.
- Use Seat Belts – Drivers who require all vehicle occupants to use a seat belt could save 15% on the medical payments or PIP coverage costs.
- Driver Safety – Completing a class that teaches defensive driver techniques could earn you a small percentage discount if your company offers it.
- Data Collection Discounts – Policyholders that allow their insurance company to spy on driving habits by using a telematics device such as Snapshot from Progressive or Drivewise from Allstate may see discounts if they are good drivers.
- Accident Forgiveness Coverage – This one isn’t a discount, but companies like State Farm, Progressive and GEICO allow you one accident without raising rates so long as you haven’t had any claims prior to the accident.
- Good Student Discount – Maintaining excellent grades can earn a discount of 20% or more. Most companies allow this discount well after school through age 25.
- Student Driver Training – Require your teen driver to enroll in driver’s education as it will make them better drivers and lower rates.
- Active Military Service – Being deployed in the military could qualify you for better rates.
It’s important to note that many deductions do not apply to the whole policy. A few only apply to individual premiums such as physical damage coverage or medical payments. Even though the math looks like you can get free auto insurance, that’s just not realistic.
To choose insurance companies who offer discounts, enter your zip code here.
Don’t assume everyone needs the same car insurance coverage
When buying adequate coverage for your personal vehicles, there is no one size fits all plan. Everyone’s situation is a little different and your policy should reflect that. For example, these questions may help highlight whether your personal situation might need professional guidance.
- How high should my uninsured/underinsured coverage be in my state?
- Is my Honda Accord Hybrid covered if I use it for business?
- Does my medical payments coverage pay my health insurance deductible?
- Can I rate high risk drivers on liability-only vehicles?
- Is my teen driver covered when they drive my company car?
- How can I force my company to pay a claim?
- How much liability do I need to cover my assets?
- Do I have newly-aquired coverage?
- How can I get high-risk coverage after a DUI?
- Do I pay less for low miles?
If you can’t answer these questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and enter your zip code. It only takes a few minutes and can provide invaluable advice.
Insurance coverages and their meanings
Having a good grasp of a insurance policy aids in choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Listed below are the usual coverages found on most insurance policies.
Protection from uninsured/underinsured drivers
Your UM/UIM coverage gives you protection from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Honda Accord Hybrid.
Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Frequently these coverages are similar to your liability insurance amounts.
Medical expense insurance
Medical payments and Personal Injury Protection insurance kick in for expenses like ambulance fees, doctor visits and funeral costs. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay
Coverage for collisions
Collision coverage will pay to fix damage to your Accord Hybrid caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.
Collision insurance covers claims such as crashing into a building, colliding with a tree and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.
Liability car insurance
This provides protection from injuries or damage you cause to a person or their property that is your fault. It protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 100/300/100 which stand for a $100,000 limit per person for injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL that pays claims from the same limit without having the split limit caps.
Liability can pay for things such as funeral expenses, bail bonds, structural damage, court costs and legal defense fees. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.
Comprehensive (Other than Collision)
Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims such as a broken windshield, hitting a bird, rock chips in glass, hail damage and falling objects. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
Rates by U.S. City
|New York City, NY||$2,244|
|Los Angeles, CA||$2,430|
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$112|
|5-yr Claim Free||$94|
|Paid in Full/EFT||$69|
Discounts are estimated and may not be available from every company or in every state.