Cheapest Insurance for a Honda Accord in Florida
Whenever people write about car insurance, the words “affordable” or “cheap” should never appear anywhere in the article. Notwithstanding, cheap car insurance for a Honda Accord does not exist. But don’t despair, because we are going to show you how you can still get auto insurance that is affordable.
Your odds of finding cheap coverage for a Honda Accord in Florida relies on many factors like the safety features of your vehicle, your residence address, and physical damage deductibles. Drivers pay on average $1,240 each year to buy Honda Accord insurance, but that policy rate is using a 50-year-old single female that purchased full comprehensive and collision coverage and $250 physical damage deductibles.
There is a good probability you are not 50 and possibly not even female, possibly married instead of single, and maybe you want higher deductibles. Just a minor change in rating variables or coverage information can lead to a big change in how much coverage for a Honda Accord costs.
Different coverage needs are the reason why the only way to find cheap insurance prices for your Honda is to put in the effort and compare rates.
The specific trim level tends to have a direct impact on the yearly cost, so the rate you pay to insure a Accord LX 4-Dr Sedan will be $440 less than the cost to insure the higher-end Accord EX-L 2-Dr Coupe version, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$242||$438||$400||$24||$120||$1,224||$102|
|Accord EX 4-Dr Sedan||$242||$438||$400||$24||$120||$1,224||$102|
|Accord LX-P 4-Dr Sedan||$242||$438||$400||$24||$120||$1,224||$102|
|Accord EX-L 4-Dr Sedan||$278||$532||$400||$24||$120||$1,354||$113|
|Accord EX 2-Dr Coupe||$278||$628||$532||$32||$160||$1,630||$136|
|Accord LX-S 2-Dr Coupe||$278||$628||$532||$32||$160||$1,630||$136|
|Accord EX-L 2-Dr Coupe||$312||$628||$532||$32||$160||$1,664||$139|
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Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Rates do not factor in garaging location in Florida which can alter premiums significantly.
Comparing rates for affordable insurance is hard enough, and finding out which company offers the best insurance rates for a Honda Accord will involve even more diligence. Every insurance provider has their own process to set policy rates, so let’s take a look at the insurance companies with the most affordable rates in Florida.
We do need to point out that Florida insurance rates are impacted by many factors that may substantially change your annual premium. Events like a birthday, having a claim, or having a fender bender may cause policy rate changes resulting in some rates now being more expensive than competitors.
Cheap Insurance Rates for Your Accord
|Rank||Company||Cost Per Year|
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USAA quotes some of the most affordable car insurance rates in Florida at around $977 a year. Amica, Electric, Progressive, and Travelers also make the cut as some of the lowest-priced Florida auto insurance companies.
As illustrated above, if you currently have a policy with Progressive and switched to Amica, you may see annual savings of upwards of $135. Policyholders with Travelers may save as much as $194 a year, and Mercury customers might reduce rates by $220 a year.
To discover how much you can save, click here to begin a quote or click through to the companies below.
Understand that those estimates are averages for all drivers and vehicles in Florida and do not factor in a specific rating modification for a Honda Accord. So the car insurance company that fits your age and vehicle best may not even be shown in the above list. That illustrates why you need to compare as many prices as possible using your own specific driver and vehicle information.
The diagram below shows how choosing a deductible can impact insurance costs when quoting cheap insurance for a Honda Accord. The premiums assume a married female driver, full physical damage coverage, and no discounts are factored in.
The data above shows that a 50-year-old driver could pocket $384 a year by changing from a $100 deductible to a $500 deductible, or save $578 by selecting a $1,000 deductible. Even younger insureds, like the age 20 example, can cut $952 each year just by choosing larger deductibles. When choosing a higher deductible, it will be required to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Should you buy full coverage?
Finding the cheapest insurance for a Honda Accord in Florida should be important to the majority of drivers, and one of the fastest ways to reduce the cost of insurance is to buy only liability coverage. The example below compares insurance costs when comparing full coverage to liability only. Data assumes no driving violations, no at-fault accidents, $500 deductibles, marital status is single, and no additional discounts are factored in.
Averaged for all ages 20 through 70, comprehensive and collision coverage on your policy costs $1,961 per year over liability only. That touches on the question if it’s a good idea to buy full coverage. There is no definitive guideline to delete comp and collision coverage, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
Cheapest car insurance: Allstate, Progressive, Geico, or State Farm
When it comes to buying insurance for an Accord, four companies to definitely compare rates with are Allstate, Progressive, Geico, and State Farm. When combined, they have about 50% of all auto insurance written. The following table ranks some of the different options and features that are available from each company.
|Number of Discounts||1st||4th||2nd||3rd|
|A.M. Best rating||A+||A+||A++||A++|
|Coverage for Uber and Lyft drivers||Yes||Yes||Yes||Yes|
|New car replacement coverage||Yes||No||No||No|
|Accident forgiveness coverage||Yes||Yes||Yes||No|
|Emergency roadside assistance||Yes||Yes||Yes||Yes|
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