Who Has Cheap Insurance Quotes for a Honda Accord in Massachusetts?
Enter your Massachusetts zip code below to view companies that have cheap auto insurance rates.
UPDATED: Nov 11, 2019
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The odds of finding affordable car insurance for a Honda Accord in Massachusetts depends on lots of different factors such as annual vehicle mileage, where you live, and any prior driving offenses. Drivers in Massachusetts pay an average rate of $870 every 12 months for Accord insurance, but that amount is an approximation based on rate data for a 30-year-old married male driver that has full comprehensive and collision coverage and $500 deductibles.
If we were betting, you are not 30 and possibly not even male, you might be single instead of married, or maybe you just want liability only instead of full coverage. There is no one cookie-cutter policy that works for everyone, so the best way to find the most affordable coverage for your Honda is to do a thorough rate comparison. It’s really quite easy you will receive rate quotes from some of the best companies in Massachusetts.
The specific trim level tends to have a direct impact on the cost of coverage, so the price to insure a Accord LX 4-Dr Sedan will be $308 cheaper than the insurance cost for the fancier Accord EX-L 2-Dr Coupe trim level, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$182||$288||$284||$16||$86||$856||$71|
|Accord EX 4-Dr Sedan||$182||$288||$284||$16||$86||$856||$71|
|Accord LX-P 4-Dr Sedan||$182||$288||$284||$16||$86||$856||$71|
|Accord EX-L 4-Dr Sedan||$210||$350||$284||$16||$86||$946||$79|
|Accord EX 2-Dr Coupe||$210||$414||$378||$22||$114||$1,138||$95|
|Accord LX-S 2-Dr Coupe||$210||$414||$378||$22||$114||$1,138||$95|
|Accord EX-L 2-Dr Coupe||$236||$414||$378||$22||$114||$1,164||$97|
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Information does not factor in vehicle location which can impact coverage rates noticeably.
Finding affordable car insurance is not the easiest thing to do, and deciding which companies offer the best auto insurance rates for a Honda Accord will take a little more work.
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Each insurer uses their own calculation to establish rates, so let’s rank the most affordable auto insurance companies in Massachusetts. It’s important that readers know that Massachusetts auto insurance rates are calculated based on many things which can significantly increase or decrease the cost of coverage. This is why it is crucial to do a thorough rate comparison to get the cheapest insurance quotes for a Honda Accord. Auto insurance prices are influenced by many risk factors and can change without notice, so the best company three years ago may now not even be in the top five.
|Rank||Company||Cost Per Year|
|2||National Grange Mutual||$823|
|9||Norfolk and Dedham||$1,078|
|Find Your Rate Go|
State Farm may offer some of the lowest car insurance rates in Massachusetts at around $741 a year. National Grange Mutual, GEICO, Commerce Group, and OneBeacon also are some of the best Massachusetts car insurance companies.
In the above rates, if you currently have a policy with Commerce Group and switched to National Grange Mutual, you might realize a yearly savings of in the neighborhood of $61. Drivers with OneBeacon may save as much as $62 a year, and Progressive customers might see rate reductions of $196 a year.
If you want to find out if you’re overpaying, click here to start a quote or visit any of the low-priced companies below.
Enter your zip code below to view companies that have cheap auto insurance rates.
It’s important to note that these prices are averages across all ages of drivers and types of vehicles and and are not figured with a specific rate value for a Honda Accord. So the company that can offer you the lowest price may not even be shown in the chart above. That helps illustrate why you need to quote rates from as many companies as possible using your own driver and vehicle profiles.
Impact of careless driving on Massachusetts auto insurance rates
The recommended way to snag the cheapest auto insurance premiums for an Accord is to drive safe and avoid accidents and violations. The chart below shows how violations and at-fault collisions can impact premium costs for each age group. The price estimates are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
In the chart above, the average cost of auto insurance in Massachusetts per year with no accidents and a clean driving record is $1,873. Add in one speeding ticket and the average cost surges to $2,115, an increase of $242 each year. Now get two accidents along with the one speeding ticket and the yearly cost of auto insurance for a Honda Accord goes up to an average of $4,395. That’s an increase of $2,522, or $210 per month, just for not maintaining a clean driving record!
Full coverage rates vs. liability-only
Finding cheap insurance for a Honda Accord in Massachusetts should be important to most drivers, and one good way to save on the cost of insurance is to buy liability only. The diagram below visualizes the comparison of yearly insurance costs with and without physical damage coverage. Data assumes no claims or violations, $250 deductibles, drivers are not married, and no additional discounts are factored in.
If we average the cost for ages 20 through 70, comp and collision coverage costs $1,756 per year over having just liability coverage. At some point, every insured wonders if paying for full coverage is worth it. There is no exact rule that works best for making the decision to drop full coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
For example, let’s say your vehicle’s book value is $7,500 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company would pay you is $6,500 after paying your policy deductible. If premiums are more than $650 a year to have full coverage, then it’s probably a good time to buy liability coverage only.
There are some circumstances where dropping full coverage is not a good plan. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage.
Who has the cheapest Accord insurance?
Massachusetts auto insurance rates are based on many factors that may substantially change the price of your policy. Simply getting older, buying a different vehicle, or getting a ticket for running a stop sign can trigger price changes that can make some companies cheaper than before.
Not only may things change on your end, but insurers change prices as often as every quarter to adjust for gains or losses. A period of higher than normal claims can cause rate hikes, while lower claim expenses may result in more affordable Accord insurance rates.
To illustrate this example, the graph below shows rates for the cheapest car insurance in Massachusetts for a 30-year-old female driver with no accidents or violations, and a high credit rating. If we compare prices based on her personal profile, State Farm may offer the cheapest car insurance rates in Massachusetts at $711 each year. This is $524 less than the average price paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, OneBeacon, and Commerce Group are the remainder of the most affordable Massachusetts auto insurance companies.
The next chart shows rates after we give the driver from above a claim surcharge, poor credit, and a couple of points charged on her driving record. Because each company has a unique formula for establishing rates, comparing rates could result in a different ranking of affordable companies as shown below.
Arbella now has the cheapest price in Massachusetts with Norfolk and Dedham, USAA, National Grange Mutual, and Amica also having competitive pricing. This example demonstrates why Massachusetts drivers need to shop around with many companies when trying to get cheap car insurance quotes for a Honda Accord.
Rates are influenced by many risk factors and change dramatically, so the most affordable company the last time you shopped around may now be quite expensive.
Cheap Honda Accord insurance quotes
Thanks to technology, there are a lot of ways to shop for and buy auto insurance in Massachusetts, but the three most common are from an exclusive insurance agent like Liberty Mutual or State Farm, an independent insurance agent, or from a direct company like Geico.
They all follow the same basic process, but shoppers should understand the differences in how they function.
Independent agencies have contracts with multiple insurance companies and can quote your policy with each one. These types of agencies are not locked into one company and can provide you with more rates, which may give you the best shot at cutting your rates. If your agent finds a cheaper company, your policy can be easily switched to a different company and you can remain with the same agent.
A captive or exclusive agent is only able to quote your policy with one insurance company, for example Liberty Mutual and Allstate agents. Exclusive agencies are unable to quote rates from more than one company, so it’s a good idea to get additional quotes.
Buying direct means you forego local agents and instead buy direct online or over the phone from a company like Esurance or Geico. Buying direct is good for drivers who do not need high levels of coverage and have a good understanding of the limitations of their policy.
So which way is best to buy cheap insurance for a Honda Accord in Massachusetts? The majority of people assume that shopping direct yields the cheapest rates because you bypass the middleman, but in reality, that is not the case. A valid argument could also be made that an independent agency is the best way to save due to more options, but that assumption is also not accurate. In the right set of circumstances, exclusive agencies have very competitive rates that are impossible to beat.
Due to the fact that auto insurance rates vary so much, the guaranteed way to get the lowest rate is to get quotes and compare the rates. We recommend you get quotes from all three in order to have enough rates to compare. For a list of companies offering online discounts in Massachusetts, click here to view.
How to get cheap insurance for a Honda Accord in Massachusetts
The list below details many money-saving suggestions that can help Massachusetts drivers quote lower-cost coverage.
- Accident-free drivers may qualify for discounts
- Just one traffic violation will increase your rates
- Drop full coverage on older vehicles
- Raise your physical damage coverage deductibles
- Avoid price increases by not filing claims
- Look for cheaper rates once a year by shopping around
The last idea is remarkably vital, as was noted in the prior article. Coverage rates fluctuate considerably, so don’t be afraid to switch companies if a better deal can be had. Many consumers stick with the same company and that’s fine, but we do not recommend it if that stubbornness costs you a small fortune year after year. In less than five minutes you could compare rates to find cheaper insurance for a Honda Accord.
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