Finding the cheapest auto insurance for a Honda Accord in California is pretty simple for most people to do, but it depends on a lot of different factors such as annual miles driven, your address, and physical damage deductibles. Drivers pay around $1,635 each year for Accord insurance, but that price is an estimation based on a 30-year-old single male driver with both comprehensive and collision coverage and $100 deductibles.
The issue with using an average estimated rate is the likelihood you are not 30 years old and maybe not even male, you might be married instead of single, or maybe you live in a different area as the quoted rates. Car insurance coverage is unique to each driver, so this is why the way we recommend to find cheap insurance rates for your Honda is to just take the time to compare rates yourself.
Your Honda’s trim level can impact the annual cost of coverage, so the price you will pay to insure a Accord LX 4-Dr Sedan model will be $576 less than the insurance cost for the more expensive Accord EX-L 2-Dr Coupe trim level, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$378||$564||$492||$30||$148||$1,612||$134|
|Accord EX 4-Dr Sedan||$378||$564||$492||$30||$148||$1,612||$134|
|Accord LX-P 4-Dr Sedan||$378||$564||$492||$30||$148||$1,612||$134|
|Accord EX-L 4-Dr Sedan||$434||$686||$492||$30||$148||$1,790||$149|
|Accord EX 2-Dr Coupe||$434||$810||$654||$38||$196||$2,132||$178|
|Accord LX-S 2-Dr Coupe||$434||$810||$654||$38||$196||$2,132||$178|
|Accord EX-L 2-Dr Coupe||$490||$810||$654||$38||$196||$2,188||$182|
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Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Premium costs do not factor in your specific San Jose location which can increase or decrease price quotes substantially.
Ending up with a good quality insurance provider is hard considering how many different companies sell coverage in California. The company ratings in the lists below may help you pick which auto insurance companies to look at when trying to find the cheapest insurance for a Honda Accord.
These ratings only include insurance companies that insure vehicles in the majority of U.S. states, so companies that only write business in California or surrounding areas will not be included in this list. To check prices from these and other top-rated companies, follow this link.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|AAA of Southern California||91||94||97||92%||A+||94.1|
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Data Source: Insure.com Best Car Insurance Companies
The information below highlights how deductible choice can affect insurance rates when getting quotes for cheap insurance for a Honda Accord. The data is based on a single male driver, comprehensive and collision coverage, and no discounts are applied.
In the chart above, a 50-year-old driver could cut expenses by $506 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $762 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could lower their rates $1,674 or even more just by choosing higher deductibles when buying full coverage.
If you do make the decision to raise your deductibles, it will be required to have enough funds in savings to enable you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Cost comparison with and without full coverage
Paying a lower price for insurance is the goal of the majority of vehicle owners, and one great way to pay lower rates for insurance for a Honda Accord is to only buy liability insurance. The illustration below compares car insurance costs when comparing full coverage to liability only. The prices are based on no violations or claims, $250 deductibles, drivers are not married, and no discounts are applied to the premium.
As an average, physical damage insurance costs $3,147 per year more than just buying liability insurance. Many people question when is it a good idea to stop buying full coverage. There is no set guideline to exclude comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your vehicle’s settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, you would only receive $7,000 after paying your deductible. If you are paying more than $700 annually to have full coverage, then you may want to consider only buying liability coverage.
There are a few cases where removing full coverage is not a good plan. If you haven’t paid off your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not remove full coverage.
Get discount San Jose insurance rates
Insurers that offer coverage for a Honda Accord may also provide policy discounts that could lower prices by as much as 35% or more if you qualify. The best insurance companies and some of the discounts are:
- State Farm has savings for good student, accident-free, anti-theft, student away at school, good driver, passive restraint, and multiple policy.
- Liberty Mutual discounts include good student, exclusive group savings, newly retired, multi-car, new graduate, hybrid vehicle, and safety features.
- American Family offers premium reductions for air bags, good driver, defensive driver, good student, TimeAway discount, and early bird.
- Progressive may have discounts that include continuous coverage, multi-policy, good student, multi-vehicle, homeowner, online quote discount, and online signing.
- Farmers Insurance offers discounts including multi-car, business and professional, mature driver, homeowner, electronic funds transfer, early shopping, and pay in full.
- Auto-Owners Insurance may include discounts for teen driver, paperless, multiple vehicles, safe vehicle, and air bags.
- SAFECO policyholders can earn discounts including anti-lock brakes, safe driver, homeowner, anti-theft, teen safety rewards, and accident prevention training.
The information below visualizes the comparison of insurance rates with and without discounts applied to the rates. The premiums are based on a male driver, no claims or driving citations, California state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with homeowner, vehicle safety, multiple vehicle, marriage, anti-theft, and accident-free discounts applied. In this example, the average amount saved each year on insurance for a Honda Accord is 28% or $703.