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Who Has Cheap Insurance for a Honda Accord in New York?

Enter your New York zip code below to view companies that have cheap auto insurance rates.

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: Nov 15, 2019

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Whether or not you can find cheap insurance for a Honda Accord in New York depends upon factors like whether you are male or female, whether or not you are currently insured, and any prior driving citations you have received. Drivers in New York pay on average $600 each year to insure a Honda Accord, but that price is calculated using a 30-year-old married female who purchased both comprehensive and collision coverage and $1,000 policy deductibles.

When estimating a car insurance rate like we just did, the issue is that you are not 30 years old and maybe not even female, you might be single instead of married, or maybe you live in a different part of New York than the example. Auto insurance is not the same for everyone, so the most reliable way to find the cheapest rates for your Honda is to do your own rate comparisons.

Enter your zip code below to view companies that have cheap auto insurance rates.

The trim level of your Honda will likely have an effect on the cost of coverage, so the price you pay to insure a Accord LX 4-Dr Sedan model will be $212 cheaper than the price to insure the more expensive Accord EX-L 2-Dr Coupe model, as shown in the table below.

Honda Accord Insurance Rates in New York
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $106 $174 $230 $14 $68 $592 $49
Accord EX 4-Dr Sedan $106 $174 $230 $14 $68 $592 $49
Accord LX-P 4-Dr Sedan $106 $174 $230 $14 $68 $592 $49
Accord EX-L 4-Dr Sedan $122 $212 $230 $14 $68 $646 $54
Accord EX 2-Dr Coupe $122 $250 $306 $18 $92 $788 $66
Accord LX-S 2-Dr Coupe $122 $250 $306 $18 $92 $788 $66
Accord EX-L 2-Dr Coupe $138 $250 $306 $18 $92 $804 $67
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Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and New York minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Prices do not factor in New York location which can decrease or increase prices considerably.

Deciphering which companies have the cheapest car insurance rates for a Honda Accord will take more work than just comparing rates from one or two companies. Every insurance provider uses a slightly different approach for determining rates in each state, so to begin we’ll rank the most affordable car insurance companies in New York.

It’s a good idea to know that New York car insurance rates are determined by lots of factors that can increase the price of your policy. Simply turning a year older, getting married, or getting a DUI can trigger rate changes that can now make some companies more affordable than others.

Enter your zip code below to view companies that have cheap auto insurance rates.

New York car insurance ranked by cost per year
Rank Company Cost Per Year
1 USAA $1,187
2 Erie $1,242
3 Utica National $1,489
4 Progressive $1,512
5 Travelers $1,513
6 Allstate $1,603
7 MetLife $1,620
8 Amica $1,644
9 Preferred Mutual $1,737
10 New York Central Mutual $1,892
11 Safeco $1,908
12 GEICO $1,926
13 State Farm $1,962
14 Central Mutual $2,028
15 Liberty Mutual $2,066
16 Hanover $2,299
17 Encompass $2,662
18 Nationwide $3,147
19 Mercury $3,965
20 21st Century $4,455
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USAA has some of the lowest car insurance rates in New York at around $1,187 annually. Erie, Utica National, Progressive, and Travelers also qualify as some of the lowest-priced New York insurance companies.

As shown in the table above, if you are a policyholder with Utica National and switched to USAA, you might achieve a yearly price reduction of in the neighborhood of $302. New York drivers with Progressive might save as much as $325 a year, and Travelers insureds might see rate reductions of $326 a year.

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Bear in mind that those premium estimates are averaged across all drivers and vehicles and and are not calculated with a specific rating modification for a Honda Accord. So the company that fits you best may not even be featured in the above rate chart. That illustrates why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.

Enter your zip code below to view companies that have cheap auto insurance rates.

Get discounts on New York auto insurance rates

Discounts on car insurance for a Honda AccordInsurance companies that offer cheap insurance for a Honda Accord in New York may provide rate discounts that can lower rates by as much as 25% or more if you qualify. A list of companies and a summarized list of policyholder discounts are included below.

Auto Insurance Discounts for Popular Insurance Companies
Discount State Farm Geico Allstate Progressive Farmers Nationwide
Multiple policies Yes Yes Yes Yes Yes Yes
Multiple vehicles Yes Yes No Yes Yes Yes
Theft prevention Yes Yes Yes Yes Yes Yes
Anti-lock brakes Yes Yes Yes No No No
Air bags Yes Yes Yes No Yes Yes
Daytime running lights Yes Yes No No Yes No
Newer vehicle Yes No Yes No Yes Yes
Hybrid vehicle No No Yes No Yes No
Safe driver Yes Yes Yes Yes Yes Yes
Defensive driver training Yes Yes Yes Yes Yes Yes
Military Yes Yes No Yes Yes No
Employment No Yes No No Yes Yes
Pay in full No Yes Yes Yes Yes Yes
Email statements No Yes Yes Yes Yes Yes
Customer loyalty Yes No No Yes Yes Yes
Good grades Yes Yes Yes Yes Yes Yes
Distant student Yes No Yes Yes Yes Yes
Own a home No No No Yes Yes No
Seat belt use No Yes No No No No
Quote online No No No Yes No No
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The diagram below illustrates the comparison of car insurance costs with and without discounts. The data is based on a female driver, no violations or claims, New York state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with vehicle safety, multiple policy, marriage, claim-free, homeowner, and passive restraint discounts applied. In this example, the average amount saved each year on car insurance for a Honda Accord is % or $.

Does it make sense to buy full coverage?

Finding cheap insurance for a Honda Accord in New York is probably important to most people, and a great way to find cheap insurance is to buy only liability coverage. The example below compares insurance premiums with full physical damage coverage compared to only buying liability only. The costs are based on no claims, a clean driving record, $500 deductibles, marital status is single, and no discounts are applied.

If we average the cost for all age groups, full coverage on your policy costs an extra $1,253 per year more than insuring for liability only. That is a large expense which might make you wonder if buying full coverage is a waste of money. There is no definitive guideline that is best for determining when to drop physical damage insurance, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is about 10% or more of the settlement you would receive from your company, then it might be time to buy liability only.

For example, let’s pretend your vehicle’s claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $3,000 after paying the physical damage deductible. If premium cost is more than $300 a year for full coverage, then you may need to consider dropping full coverage.

Which auto insurance company is best?

If you’re looking for the best insurance for an Accord in New York, the companies that insure more vehicles than anyone else are Progressive, State Farm, Geico, and Allstate. When added together, they make up nearly half of the entire U.S. car insurance market. They all offer a different combination of discounts, features, and options that may influence your buying decision. The data below compares and contrasts ratings and policy coverage options shoppers can expect to find with each one.

Car Insurance Company Comparison
Progressive State Farm Geico Allstate
Claims Handling 4th 2nd 3rd 1st
Price Ranking 3rd 2nd 1st 4th
Discounts Available 4th 3rd 2nd 1st
Client Satisfaction 3rd 4th 1st 2nd
Percent of U.S. market 8.8% 18.3% 11.4% 10%
Percent of customers who recommend 88% 88% 87% 86%
A.M. Best financial rating A+ A++ A++ A+
Standard & Poor’s rating AA AA AA+ AA-
Accident forgiveness coverage Yes No Yes Yes
Uber and Lyft insurance Yes Yes Yes Yes
Rating based on usage Yes Yes No Yes
New car replacement No No No Yes
Breakdown insurance Yes No Yes No
Roadside service Yes Yes Yes Yes
Where to buy Indpendent agents or online State Farm exclusive agents Online or through a Geico agent Allstate-only agents
Number of agents 30,000+ 18,000+ 150+ 11,000+
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