Honda Accord Insurance Rates
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UPDATED: Apr 9, 2020
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The Honda Accord has consistently been one of the best selling cars in America, with only the Toyota Corolla, Toyota Camry, and Honda Civic having more models on the road. With models now including the 2.0L turbo, a 1.5L turbo, Accord Hybrid, and various trim levels of the standard sedan, there are a lot of Accords to choose from.
When buying an Accord, the cost of insurance should always be considered in the overall cost of ownership. Honda includes a lot of standard features on their Accord model that help keep insurance costs down, and other optional features that can drive the price down even further. Let’s take a look at the overall insurance rate summary and then dive into some of the factors that can influence how much insurance is going to cost you after you sign on the dotted line.
The average insurance rates for a Honda Accord are $1,310 a year with full coverage. Comprehensive costs approximately $280 each year, collision costs $500, and liability is $372. A liability-only policy costs around $438 a year, with high-risk insurance costing around $2,830. 16-year-old drivers cost the most to insure at $4,888 a year or more.
Average premium for full coverage: $1,310
Policy rates by type of insurance:
Prices are based on $500 deductibles, 30/60 split liability limits, and includes uninsured motorist coverage. Prices are averaged for all U.S. states and Accord models.
Price Range Variability
For a driver around age 40, Honda Accord insurance rates go from as low as $438 for only liability insurance to a high rate of $2,830 for a high-risk insurance policy.
Urban vs. Rural Price Range
Choosing to live in a large city can make a big difference on the price of insurance. Rural locations are shown to have a lower frequency of collision claims than congested cities.
The graphic below illustrates the difference between rural and urban areas on auto insurance prices.
The examples above demonstrate why all drivers should compare rates quotes using their specific location and risk profile, instead of making a decision based on rate averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Insurance Rate Analysis
The chart below details estimated Honda Accord insurance rates for additional coverage and risk scenarios.
- The best full coverage rate is $758
- Raising to $1,000 deductibles will save $176 annually
- The average rate for a good driver age 40 who chooses $500 deductibles is $1,310
- Buying low deductibles will increase the cost to $1,654
- Drivers with multiple tickets or accidents could pay around $2,830 or more
- Policy cost for full coverage for a 16-year-old driver can cost $4,888
Car insurance rates for a Honda Accord also range considerably based on your risk profile, the trim level and model year, and physical damage deductibles and liability limits.
More mature drivers with no driving violations and high deductibles may pay as low as $1,200 every 12 months on average, or $100 per month, for full coverage. Rates are highest for teenagers, where even good drivers will be charged in the ballpark of $4,800 a year. View Rates by Age
Your home state also has a big influence on Honda Accord insurance prices. A middle-age driver might find rates as low as $950 a year in states like Utah, Ohio, and New Hampshire, or at least $1,770 on average in New York, Michigan, and Florida.
|State||Premium||Compared to U.S. Avg||Percent Difference|
Opting for high physical damage deductibles can reduce rates by up to $520 annually, whereas increasing liability limits will push rates upward. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $378 extra every 12 months. View Rates by Deductible or Liability Limit
If you have a few points on your driving record or tend to cause accidents, you may be forking out anywhere from $1,500 to $2,100 extra every year, depending on your age. Insurance for high-risk drivers is expensive and can cost from 43% to 128% more than the average rate. View High Risk Driver Rates
Because rates have so much variability, the best way to find out who has the cheapest auto insurance rates is to do a rate comparison from multiple companies. Every auto insurance company utilizes a different rate formula, so rate quotes will be varied from one company to the next.
Insurance Rates by Trim Level and Model Year
|Model and Trim||Annual Premium||Monthly Premium|
|Honda Accord LX 4-Dr Sedan||$1,114||$93|
|Honda Accord EX 4-Dr Sedan||$1,156||$96|
|Honda Accord LX-P 4-Dr Sedan||$1,156||$96|
|Honda Accord EX 2-Dr Coupe||$1,456||$121|
|Honda Accord EX-L 4-Dr Sedan||$1,246||$104|
|Honda Accord LX-S 2-Dr Coupe||$1,456||$121|
|Honda Accord EX-L 2-Dr Coupe||$1,548||$129|
Rates assume 2020 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.
|Model Year||Comprehensive||Collision||Liability||Total Premium|
|2020 Honda Accord||$280||$500||$372||$1,310|
|2019 Honda Accord||$268||$482||$390||$1,298|
|2018 Honda Accord||$256||$478||$398||$1,290|
|2017 Honda Accord||$248||$466||$416||$1,288|
|2016 Honda Accord||$240||$446||$430||$1,274|
|2015 Honda Accord||$226||$430||$442||$1,256|
|2014 Honda Accord||$218||$400||$452||$1,228|
|2013 Honda Accord||$208||$376||$456||$1,198|
|2012 Honda Accord||$200||$338||$460||$1,156|
|2011 Honda Accord||$188||$310||$460||$1,116|
|2010 Honda Accord||$180||$292||$464||$1,094|
|2009 Honda Accord||$176||$272||$474||$1,080|
|2008 Honda Accord||$164||$252||$474||$1,048|
|2007 Honda Accord||$158||$228||$478||$1,022|
|2006 Honda Accord||$148||$210||$474||$990|
|2005 Honda Accord||$140||$190||$474||$962|
|2004 Honda Accord||$134||$170||$468||$930|
|2003 Honda Accord||$132||$166||$460||$916|
|2002 Honda Accord||$130||$160||$452||$900|
|2001 Honda Accord||$120||$152||$446||$876|
Rates are averaged for all Honda Accord models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Find Affordable Honda Accord Insurance
Finding cheaper rates on insurance for a Honda Accord consists of being a safe driver, having above-average credit, not filing small claims, and avoiding coverage lapses. Set aside time to compare rates at least every other year by getting rate quotes from direct companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.
Here is a brief review of the car insurance concepts covered above.
- Drivers considered higher risk with DUI or reckless driving convictions pay on average $1,520 more per year for insurance
- You may be able to save around $160 per year simply by quoting online in advance
- Increasing comprehensive and collision deductibles can save around $525 each year
- Insureds who purchase more liability insurance will pay around $410 every year to raise from a 30/60 limit to 250/500 limits
Honda Accord Features that Help Reduce Insurance Cost
Standard in all Honda Accord models is the Honda Sensing technology suite that helps mitigate accidents and keeps the driver aware. Honda Sensing includes the following features:
- Collision Mitigation Braking System – When an accident is imminent, this feature applies the brakes to help prevent a collision.
- Road Departure Mitigation System – This feature detects when the car drifts too far to the side of the road and can steer the vehicle back into the lane.
- Adaptive Cruise Control – This is one of our favorite features, as it prevents the need to constantly monitor cruise control settings. As you approach a slower-moving vehicle, the system adapts your speed to maintain a safe distance behind the vehicle. After you signal to pass and are clear of the vehicle, the system will automatically speed up to the set cruise speed.
- Lane Keeping Assist System – This detects when the vehicle approaches a lane marking and will nudge the car back into the center of the lane if you have not signaled a lane change.
- Traffic Sign Recognition – New on 2018 models, this feature can detect speed limit signs and alert the driver to changes in speed.
The Honda Sensing suite does a fantastic job at helping reduce accidents and as a result, fewer accidents means lower insurance rates. The technology does not entirely replace driver awareness and safe driving habits, but it can help reduce the chances of an accident or reduce the severity.
Another new feature that is standard on the Accord Sport 2.0T, EX, EX-L, and Touring models is Multi-Angle Awareness and Cross Traffic Monitor built into the rearview camera. This technology expands the sensor sensitivity to include a wider sensor field and also detects vehicles that may be approaching from the left or right behind your Accord. This can help reduce collisions that occur from backing out of your driveway or a parking stall.
Honda Accord is an IIHS 2018 Top Safety Pick
The 2018 Honda Accord received the IIHS top safety pick award by earning good ratings for small overlap front, moderate overlap front, and side collision crashworthiness. It also received a good rating for roof strength and head restraints. The Honda Sensing suite helped it earn a superior rating for front crash prevention, and the headlights were rated as acceptable.
The one improvement over the 2017 Accord safety ratings was the improvement of the child seat anchors. The 2018 model received a good rating, while the 2017 model received an acceptable rating.
Since insurance rates correlate directly to the likelihood of occupant injury in an accident, the safety features built into the Honda Accord and the excellent IIHS ratings mean you won’t find a safer car for the money.
Honda Accord prices range from $23,570 for the LX model up to $29,970 for the EX-L model, with the Hybrid, Sport, and EX models priced between. The entry price for an Accord LX is lower than the Toyota Camry LE, but is slightly higher than both the Nissan Altima 2.5 S and the Hyundai Sonata SE.
If you are looking for a good looking sedan that offers a top-notch suite of safety features and is affordable to insure, the Honda Accord should be at the top of your list.
Rate Tables and Charts
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||$96|
|5-yr Claim Free||$84|
|Paid in Full/EFT||$60|
Discounts are estimated and may not be available from every company or in every state.