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What is the cost of Honda Accord insurance?

Once you get a Honda Accord, you need to determine how much the car insurance for a Honda Accord is. Comparatively, it is one of the most expensive car insurances. On average, the annual Honda Accord insurance cost is around $1484, whereas the average monthly cost is $124.

The cost of Honda Accord insurance will depend on different factors. You might as well apply for the liability-only policy to make the system even more affordable.

Since many factors determine the Honda Accord insurance rates, you need to be familiar with them. Here are some of the factors that may influence the rates:

  • You may need to pay a lot higher risk insurance - If the driver is over 50 years, he may need to pay a high-risk policy for around $1750 or more annually. The high-risk insurance will generally be higher if you have committed any serious offense. Furthermore, it will also be higher if you have been in faulty accidents.
  • Avoid accidents to save money - At-fault accidents are likely to increase the Honda Accord insurance rates, and the price may rise by an extra $2084 every year for a driver around the age of 20 years. However, for a driver over 50 years, the rise will be around $478.
  • The gender of the driver will influence the cost - Once you plan to get Honda Accord car insurance, you need to know that the gender of the driver will influence the cost significantly. As per the latest model, while a young male will need to pay around $2958 per year, a female may need to pay $2192.

    One of the main reasons the Honda Accord insurance cost is lower for 20-year old females than for 20-year old males is because the latter has less risk tolerance and tends to be more aggressive. The number, however, reduced for males over 50 years.

    A 50-year old male will need to pay around $1354, whereas the female will need to pay about $1326. Marriage will also influence the cost of insurance.
  • Get a discount - Depending on your occupation, you will also be eligible for a discount. Many insurance providers will offer this benefit to architects, doctors, scientists, college professors, and more. Before applying for the Honda Accord insurance, you need to consult the provider. If you are eligible, the provider can give you the discount coupon. Using the discount coupon, you will be eligible to save any amount between $45 to $148 on an annual basis. However, the amount you save will depend on the driver's age.
  • Lower deductibles can raise the insurance cost - If you lower the physical damage deductibles, the amount can be higher. It would help to consult the insurance providers to receive all the benefits.
  • Policy discounts can help you save money -Policy discounts are one of the best ways to save money. However, you will be eligible for policy discounts only if your vehicle has anti-theft features along with claim-free benefits. If you insure your car and residential property from the same company, you will receive more discounts.
  • Honda Accord hybrid insurance cost is higher for teenagers - The average price for providing complete coverage to Accord is higher for teenagers. The amount will eventually depend on your age. The amount breakup for the insurance annually is as follows: 16-year-old: $5328, 17-year-old: $4948, 18-year-old: $4652

How Can Honda Accord Features Help Reduce Insurance Costs?

One of the main reasons the Honda Accord insurance rates are usually higher is its exclusive features. Nonetheless, at the same time, it is also the features that play an essential role in reducing the overall costs.

The features of the Honda Accord play an essential role in bestowing a safe experience, and these will eventually protect you from applying for unnecessary insurance claims. When the risks for driving are lower, you will lower the insurance rates too.

Depending on the models, the features are available. As a result, this would significantly benefit in lowering the costs. The technology will also help mitigate the risks by keeping the driver informed about what's going on board. The Sensing features of Honda are one of the best ones contributing to lowering the costs.

Some of the Honda Accord features that help to reduce the cost of insurance include:

  • Road departure mitigation system - With the help of this feature, the system will detect if the car drifts too far on a particular side of the road. Eventually, it will help to come back to the lane direction.
  • Collision mitigation braking system - If there is a considerable risk of an accident, the feature will prevent the risk of collision.
  • Lane-keeping assist system - If your vehicle is approaching a particular lane marking, this system will quickly detect the movement. Furthermore, it will allow you to move in the required lane if you have not given a signal for changing the lane.
  • Adaptive cruise control - It will keep a check on the cruise control system. When you approach a slower vehicle, this system will help you detect the speed and bring the vehicle's speed to the same level. Furthermore, it will help to maintain a safe distance. Once you have passed the slow-moving vehicle, depending on the requirement, the vehicle's speed will eventually increase.
  • Traffic sign recognition - This feature is available only on the latest models from 2018. It helps detect the speed limit and alert the driver if it needs changes. The Honda sensing feature plays a vital role in reducing the risk of accidents. The lesser the accidents, the lower will be the insurance rates. The insurance companies also benefit from discounts if your vehicle sports these safety features. With the expansion of technology, there has been significant development in the model's features. The company is introducing different sensors to prevent stalling or driveway.

A Variable Affecting Honda Accord Insurance

While the trim and model play an important role in determining the cost to insure Honda Accord, other factors are too. Depending on your model, the price of the Honda Accord will significantly vary. Here are some of the variables that may affect the pricing of the Honda Accord include:

  • Age of vehicle - The older models of the Honda Accord usually offer cheaper insurance rates. Therefore, the Honda Accord 2020 model's insurance rate wouldn't be the same as that of the 2010 model.
  • Driver location - The location or place of residence of the driver will significantly impact the Honda Accord insurance cost. A driver who lives in Los Angeles is likely to pay a higher insurance premium than those who live in Philadelphia.
  • Drive age - As suggested above, the driver's age will have a significant impact on the cost. Reports show that the younger the driver, the higher the Honda Accord car insurance price will be. Older people may need to pay slightly less. However, the amount you need to pay for the insurance will depend on your age.
  • Driver's record - If you have been driving for a long time, it is natural to have some record, and you must measure the record correctly to get the best details on your car insurance. If you have a violation history, you may need to pay higher charges.

    Drivers in their 20s or are teenagers are considered more prone to the violation. Therefore, you may need to pay a higher insurance charge. Furthermore, if you have a record of violations and accidents, the insurance provider may also increase the amount.

Honda Accord insurance rate will significantly vary depending on different conditions. Before applying for the insurance, you should consult the provider and check the documents you need for the insurance.

Is it expensive to insure a Honda Accord?

One of the most commonly asked questions is, "why is Honda Accord insurance so expensive?" Well, this will depend on different factors. One of the main reasons the Honda Accord is expensive to insure is the wide range of features.

Honda Accord is a Sedan-like car that has several benefits. The insurance amount will also depend on the company you choose to insure your vehicle. The insurers will need to consider various factors to determine the costs. If the cost of your car is high, the insurance amount will be high too.

What if your vehicle gets stolen? What if it is in an accident? The company will need to pay a higher price. Therefore, you need to understand the benefits that they are offering. As a result, the insurer's amount is likely to be high depending on the risk.

Comparatively, Honda accords are usually inexpensive when it comes to insuring them. Despite the advanced features, it is a very low-value car that can be efficient in the long run. Furthermore, the cost of repairing these cars is usually low too. Reports also suggest these cars to be of low horsepower. Therefore, the risk of these cars being involved in any crashes is pretty low.

While the insurance amount is slightly high, the car is pretty affordable. Since the amount of insurance depends on different factors, you will need to weigh down the options. On an average basis, the Honda Accord is not that expensive for insurance. Nonetheless, before making any decision, make sure to talk to the insurance provider about what they need.

State-by-state average of Honda Accord insurance costs

One of the main factors to understand is that the driver's location will significantly impact the cost. Therefore, the insurance will vary depending on the state. In the United States, the price for the charging cable is slightly lower in states such as North Carolina, Idaho, and Iowa.

However, the price is slightly higher in states like Florida, Kentucky, and Michigan. You need to contact the insurance company to drive all the benefits. Nonetheless, certain states have the median amount as well.

You need to understand the average cost for Honda Accord insurance rates. In states like Kansas, Missouri, and Massachusetts, the insurance rate will be median. You must understand the annual and monthly costs to pay the insurance amount in time.

What are the inclusions for Honda Accord Hybrid Car Insurance?

If you're planning to get a Honda Accord hybrid car insurance, you need to understand what will be covered in it. Different companies will provide different coverage. Here are some of the coverage details that you will receive from all the insurance providers irrespective of the company:

  • Total loss
  • Loss due to explosion or fire
  • Accidental damage on the insured vehicle
  • Death of third-party
  • Loss or damage due to man-made activities
  • Damage of the third-party

You should consider getting personal accident coverage or renewing the insurance plan from time to time. This type of coverage should be purchased separately to drive all benefits.

Faqs About Honda Accord Insurance
The insurance rate for Honda Accord usually starts from $1234, depending on the model. Nonetheless, the price for the insurance will vary depending on several factors such as age, location, and car model.
The cost of a Honda Accord is usually determined every year. You must compare the prices and choose the one that suits you the most. Cars with low horsepower will cost less.
When you decide to purchase a car insurance plan, you need to do some research around it. The car insurance plan that provides an overall benefit to the insurer includes the Comprehensive car insurance policy. It will cover all the third-party liabilities and damages. Furthermore, you can also choose to extend the primary plan coverage. Nonetheless, if you want to extend the range, you need to consult the insurance provider.
The cost to insure Honda Accord for the cheapest rate will vary from $1350 to $1610 annually. LX is the lowest model available for insurance. The trim level will determine the cost of Accord's insurance, and these may provide full coverage based on where you live.
About the Author

Andy Walker is a content writer for the AtoZ Insurance USA who specializes in the insurance and finance niches. He has been working as a freelance writer from several years, and has experience with a variety of content writing formats. Andy is a highly skilled writer who is able to produce quality content that is both informative and engaging.

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