2017 Honda Accord Insurance Rates
Average insurance rates for a 2017 Honda Accord are $1,290 a year for full coverage insurance. Comprehensive insurance costs on average $256 each year, collision costs $478, and liability insurance costs around $398. Buying a liability-only policy costs as low as $460 a year, with high-risk insurance costing $2,796 or more. Teen drivers receive the highest rates at $4,886 a year or more.
Annual premium for full coverage: $1,290
Rate estimates for 2017 Honda Accord Insurance
Rate data is compiled from all 50 U.S. states and averaged for all 2017 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 driver in their 40's, prices range go from as low as $460 for just liability insurance to a high rate of $2,796 for a driver who has had serious violations or accidents.
These differences illustrate why all drivers should compare prices based on a specific location and risk profile, rather than relying on price averages.
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Recommended Companies for Cheap 2017 Honda Accord Insurance
Paying for pricey Honda Accord insurance can dry up your savings and force you to make sacrifices. Doing a rate comparison is a fast and free way to make ends meet.
You have multiple auto insurance companies to choose from, and though it is a good thing to have multiple companies, having more insurance companies makes it harder to find a good deal.
Four things that determine your insurance premiums
Smart consumers have a good feel for the rating factors that go into determining the rates you pay for insurance. If you have some idea of what determines base rates, this allows you to make educated decisions that can earn you better insurance rates. Many things are taken into consideration when pricing auto insurance. Some are pretty understandable like an MVR report, but others are less obvious such as your credit history or how financially stable you are.
- Cut prices and deter theft – Owning a car with a theft deterrent system can help lower your rates. Anti-theft devices like OnStar, LoJack tracking, and tamper alarms help track and prevent car theft.
- How do annual miles impact rates? – The more you drive your Honda every year the higher the price you pay to insure it. Most insurance companies calculate prices based upon how you use the vehicle. Cars and trucks left parked in the garage receive lower rates as compared to vehicles used primarily for driving to work. An improperly rated Accord may be costing you higher rates. It’s a smart idea to ensure your insurance policy correctly shows annual mileage.
- Improve your credit rating – A driver’s credit history factor in calculating your premium rate. Therefore, if your credit history is lower than you’d like, you could be paying less to insure your 2017 Honda Accord by spending a little time repairing your credit. Consumers who have high credit scores tend to be less risk to insure than drivers with poor credit scores.
- Do you really need the add-on coverages? – There are a lot of add-on coverages that you can get tricked into buying when buying insurance. Insurance for things like rental car coverage, accident forgiveness, and extra equipment coverage may be wasting your money. These may sound like a good investment initially, but if you don’t need them remove them from your policy.
The quickest method to compare insurance rates in your area is to know most of the bigger providers will pay a fee to compare rate quotes. To start a quote, the only thing you need to do is take a few minutes to give details including whether or not you need a SR-22, types of safety features, marital status, and whether your vehicle is owned or leased. Your insurance information is then submitted to multiple top-rated companies and you should receive rate quotes almost instantly.
Recommended Companies for the Best Insurance Rates
To compare rates for your 2017 Honda Accord now, click here and find out if lower rates are available.
Auto insurance policy discounts you can’t miss
Insuring your fleet can be pricey, but you might be missing out on some discounts that you may not know about. Some discounts apply automatically when you get a quote, but some must be inquired about before being credited.
- Distant Student Discount – Older children living away from home attending college and won’t have access to an insured vehicle could qualify for this discount.
- Good Student Discount – This discount may save you up to 25%. Most companies allow this discount well after school through age 25.
- Professional Organizations – Being in certain professional organizations could earn you a nice discount on your next auto insurance statement.
- Discounts for Multiple Vehicles – Purchasing coverage when you have multiple cars on one policy can get a discount on all vehicles.
- Onboard Data Collection – Policyholders that allow driving data submission to look at their driving habits by using a telematics device in their vehicle like In-Drive from State Farm and Progressive’s Snapshot might get better premium rates if they show good driving skills.
- Service Members Pay Less – Having a family member in the military may qualify for rate reductions.
Discounts lower rates, but most discounts do not apply the whole policy. Most only apply to individual premiums such as liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, insurance companies wouldn’t stay in business. But any discount will definitely reduce the amount you have to pay.
A few of the larger companies and some of their more popular discounts are:
- American Family policyholders can earn discounts including early bird, air bags, TimeAway discount, accident-free, and Steer into Savings.
- Farm Bureau has discounts for good student, driver training, 55 and retired, renewal discount, multi-policy, and multi-vehicle.
- State Farm discounts include good driver, accident-free, Drive Safe & Save, student away at school, multiple autos, and passive restraint.
- Travelers may have discounts that include payment discounts, good student, student away at school, multi-car, and driver training.
- The Hartford has savings for anti-theft, driver training, defensive driver, vehicle fuel type, bundle, and air bag.
- GEICO may offer discounts for multi-policy, driver training, good student, seat belt use, five-year accident-free, and military active duty.
- Progressive offers discounts for online quote discount, multi-vehicle, multi-policy, continuous coverage, online signing, and good student.
If you are trying to find cheap insurance coverage quotes, ask each company or agent how many discounts you can get. All car insurance discounts might not be offered on policies in your area. To view insurance companies that offer many of these discounts, click here to view.
Insurance agents can help
When it comes to choosing coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s situation is unique so your insurance should reflect that For example, these questions may help you determine whether or not you will benefit from professional help.
- Will I be non-renewed for getting a DUI or other conviction?
- Do I need roadside assistance coverage?
- Is my ex-spouse still covered by my policy?
- Am I covered if hit by an uninsured driver?
- Do I need replacement cost coverage?
- How much underlying liability do I need for an umbrella policy?
- Is my trailer covered?
If you can’t answer these questions but you know they apply to you, then you may want to think about talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.
Learn about insurance coverages for a Honda Accord
Understanding the coverages of a insurance policy aids in choosing appropriate coverage and proper limits and deductibles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Listed below are the usual coverages found on the average insurance policy.
This coverage protects you from damage or injury you incur to other people or property in an accident. It protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.
Liability coverage protects against claims such as structural damage, bail bonds, repair costs for stationary objects, medical services and court costs. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.
Comprehensive (Other than Collision)
This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things such as damage from getting keyed, vandalism and hail damage. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Protection from uninsured/underinsured drivers
This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as damage to your Honda Accord.
Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.
Medical expense insurance
Med pay and PIP coverage reimburse you for expenses for X-ray expenses, surgery and pain medications. The coverages can be used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
Auto collision coverage
Collision coverage will pay to fix damage to your Accord resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage pays for things such as driving through your garage door, sustaining damage from a pot hole, crashing into a building, sideswiping another vehicle and hitting a parking meter. This coverage can be expensive, so consider dropping it from older vehicles. You can also raise the deductible in order to get cheaper collision rates.
Do the work, save more money
We just covered a lot of information how to lower your 2017 Honda Accord insurance prices. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your rates. You may even discover the lowest prices are with an unexpected company. They may only write in your state and offer lower rates than their larger competitors like State Farm or Progressive.
As you restructure your insurance plan, it’s not a good idea to skimp on critical coverages to save a buck or two. Too many times, an insured dropped uninsured motorist or liability limits and found out when filing a claim they didn’t purchase enough coverage. Your aim should be to get the best coverage possible for the lowest price while not skimping on critical coverages.
For more information, feel free to browse the articles below:
- Safe Vehicles for Teens (iihs.org)
- Car Insurance: When not to Skimp (BankRate.com)
- Teen Driving Statistics (GEICO)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)
- Drunk Driving Statistics (Insurance Information Insitute)
- Safety Features for Your New Car (State Farm)
Find the Cheapest Quotes in Your Area
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Rates by U.S. City
|New York City, NY||$2,040|
|Los Angeles, CA||$2,205|
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Need a specific model?
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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||$94|
|5-yr Claim Free||$83|
|Paid in Full/EFT||$58|
Discounts are estimated and may not be available from every company or in every state.