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Honda Accord Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing...

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UPDATED: Apr 9, 2020

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Honda Accord insurance

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:

Comprehensive $280
Collision $500
Liability $372

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.

Liability Only $438
Full Coverage $1,310
High Risk $2,830

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.

Rural Areas $983
Small Cities $1,376
Large Cities $1,769

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

View Chart as Image

Honda Accord insurance cost comparison chart
Column chart showing full coverage Honda Accord insurance rates range from $758 to $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.

Honda Accord Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,186 -$124 -9.5%
Alaska $1,008 -$302 -23.1%
Arizona $1,088 -$222 -16.9%
Arkansas $1,310 -$0 0.0%
California $1,494 $184 14.0%
Colorado $1,254 -$56 -4.3%
Connecticut $1,348 $38 2.9%
Delaware $1,486 $176 13.4%
Florida $1,642 $332 25.3%
Georgia $1,212 -$98 -7.5%
Hawaii $944 -$366 -27.9%
Idaho $888 -$422 -32.2%
Illinois $980 -$330 -25.2%
Indiana $988 -$322 -24.6%
Iowa $886 -$424 -32.4%
Kansas $1,248 -$62 -4.7%
Kentucky $1,788 $478 36.5%
Louisiana $1,944 $634 48.4%
Maine $810 -$500 -38.2%
Maryland $1,084 -$226 -17.3%
Massachusetts $1,050 -$260 -19.8%
Michigan $2,280 $970 74.0%
Minnesota $1,096 -$214 -16.3%
Mississippi $1,572 $262 20.0%
Missouri $1,164 -$146 -11.1%
Montana $1,410 $100 7.6%
Nebraska $1,036 -$274 -20.9%
Nevada $1,572 $262 20.0%
New Hampshire $944 -$366 -27.9%
New Jersey $1,468 $158 12.1%
New Mexico $1,162 -$148 -11.3%
New York $1,382 $72 5.5%
North Carolina $756 -$554 -42.3%
North Dakota $1,074 -$236 -18.0%
Ohio $906 -$404 -30.8%
Oklahoma $1,348 $38 2.9%
Oregon $1,202 -$108 -8.2%
Pennsylvania $1,254 -$56 -4.3%
Rhode Island $1,750 $440 33.6%
South Carolina $1,190 -$120 -9.2%
South Dakota $1,106 -$204 -15.6%
Tennessee $1,150 -$160 -12.2%
Texas $1,580 $270 20.6%
Utah $972 -$338 -25.8%
Vermont $898 -$412 -31.5%
Virginia $786 -$524 -40.0%
Washington $1,014 -$296 -22.6%
West Virginia $1,202 -$108 -8.2%
Wisconsin $908 -$402 -30.7%
Wyoming $1,170 -$140 -10.7%

View Chart as Image

Honda Accord insurance rates by U.S. city

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

Honda Accord Insurance Rates by Model and Trim Level
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.

Honda Accord Insurance Rates by Model Year
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.

 

Rates by Driver Age

Honda Accord Insurance Rates by Driver Age
Driver Age Premium
16 $4,888
20 $3,026
30 $1,368
40 $1,310
50 $1,198
60 $1,174

Full coverage, $500 deductibles

Rates by Deductible

Honda Accord Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,654
$250 $1,496
$500 $1,310
$1,000 $1,134

Full coverage, driver age 40

Rates by Liability Limit

Honda Accord Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,310
50/100 $1,632
100/300 $1,737
250/500 $2,010
100 CSL $1,674
300 CSL $1,905
500 CSL $2,073

Full coverage, driver age 40

Rates for High Risk Drivers

Honda Accord Insurance Rates for High Risk Drivers
Age Premium
16 $6,966
20 $4,804
30 $2,890
40 $2,830
50 $2,700
60 $2,674

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 $180

Potential Rate Discounts

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

Discount Savings
Multi-policy $69
Multi-vehicle $68
Homeowner $19
5-yr Accident Free $96
5-yr Claim Free $84
Paid in Full/EFT $60
Advance Quote $64
Online Quote $92
Total Discounts $552
Rate after discounts $758

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

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