The Honda Accord is one of the most popular cars on the road. Voted third-best sedan by consumers in 2020 according to J.D. It is not surprising that many drivers love the car’s power and reliability. You should customize your Honda Accord insurance policy to meet your specific needs. The cost of Honda Accord car coverage can vary depending on where you live, your gender, age, and the coverages you choose. However, according to Bankrate’s 2021 study, the average annual cost for full coverage is $1733 per annum. This guide can be used by Honda Accord owners to find the right insurance policy for them.
What is the cost of Honda Accord insurance?
There are many factors that influence the cost of Honda Accord insurance. Your premium will be influenced by demographics like your age, gender, driving record, and insurance history. Your vehicle model and make can have an impact on your premium. The average cost for car insurance on a Honda Accord is $1,733, compared to the $1,674 national average.Accord owners might want to take into consideration the following factors, which can lower or increase their insurance premiums.
- Recent crash rate statistics: These statistics are taken into account when an insurance company calculates your premium. Your rate will be higher if your vehicle is involved in more crashes. The latest data from the Insurance Institute for Highway Safety, (IIHS) shows that there were 34 deaths in the period 2014-2017 for Honda Accords passengers and drivers. This is lower than the 36 deaths per vehicle for comparable sedans.
- Price of parts: Your insurance policy may cover the cost of repairing your vehicle if you are in an accident. Your premium may be higher if your vehicle needs expensive or difficult-to-find parts. Parts are usually easier to find because Honda is a global corporation with factories in many countries, including the United States.
- Safety features: A vehicle with a lower safety rating is likely to affect your rate. Insurance companies will pay more for claims if the vehicle has a lower safety rating. Honda Accord owners may feel relieved to know that their vehicle has received an overall “Good” standing from the IIHS in terms of crashworthiness and avoidance, especially for 2018-2021 models.
Honda models are eligible for car insurance
Car insurance rates can vary greatly between individuals based on individual circumstances. The following average rates might be a good place to start if you’re looking for the best Honda Accord car insurer. It is a good idea to compare rates from multiple companies to get the best rate. Each car insurance company sets premiums on a unique calculation.
Honda Accord insurance
Below is the average Honda Accord insurance price with full and minimum coverage. You should consider the following factors that can increase your insurance risk: area crash statistics, replacement cost for Honda Accord parts after an incident, and safety features in your vehicle. You can research the standard features of Accords by year before you buy a used one. This will help to prevent your premium being higher because there are not enough safety features and crash avoidance features.
Honda Accords: The cheapest car insurance
The following insurance companies may offer quotes if you’re looking for the cheapest Honda Accord insurance. Quadrant Information Services has identified these five companies as the top car insurance providers for 2021. They have a higher average annual premium and provide full coverage at a lower price than the average Honda Accord insurance policy of $1,733. Your premium may be different for every driver.
Honda Accord features that can impact insurance costs
Your Honda Accord has many features that can impact your insurance costs, particularly if they are related to safety. These features could include, but not be limited to:
- Air bags: While air bags are now standard on all vehicles, older models might not have all the air bags available, which could impact your premium price.
- Anti-lock brakes: Antilock brakes (ABS), which use sensors, prevent vehicles from locking up when they are braking or turning hard. These brakes allow the driver to keep control of the steering system. This could prevent collisions and is an important safety feature.
- Blind-spot warnings. Newer vehicles equipped with the most advanced technology may include blind-spot alert systems, collision detection, and lane drift recognition. This could significantly reduce the chance of you being in an accident. These features are likely to be accepted by insurance companies.
- Seat belts: Another standard feature that increases passenger safety in a vehicle is the seat belt. Your Honda Accord might not have the latest seat belt features, particularly in the back rows. Modern technology has enabled adjustable anchors and tethers, retracting belts, and other seatbelt improvements that can positively impact your safety.
Additional car insurance coverages for a Honda Accord
Minimal coverage does not necessarily mean that it is the most cost-effective option. Consider the type of coverage that you require to protect yourself, your passengers, and your vehicle before you buy insurance. Nearly all states require you to have liability coverage. This covers bodily injury as well as property damage. It also provides protection for other drivers and vehicles in the event of an accident. These coverages do not provide financial protection for your vehicle.
You may consider collision and comprehensive coverages to ensure your Honda Accord insurance covers your vehicle in an accident. Collision coverage can pay for the repair or replacement of your vehicle if it is involved in an accident. Comprehensive coverage protects your vehicle but not for collisions like thefts, fires and vandalism.
You can also add uninsured or underinsured motorists coverage to your policy. Uninsured motorists protection protects you if you are struck by an uninsured driver. Underinsured motorists protection provides financial protection in the event that you are not covered by enough insurance to pay for your medical bills.
Keep in mind that every state has its own insurance laws. Therefore, coverage requirements and limits can vary from one state to the next.