- Honda Accord auto insurance rates average $1,588 per year, $794 for a 6-month policy, or $132 per month, depending on trim level.
- Honda’s cheapest model accord to insure is the hybrid at about $1,458 per year, or about $122 per month.
- compared to other midsize cars, the 2022 honda accord is one of the cheapest to insure, costing average $1 less per year.
- insurance for a used honda accord could save $488 or more each year over the cost of buying a new one.
how much does honda accord insurance cost?
honda accord auto insurance costs an average of $1,588 a year, or $132 a month. expect to pay about $1 less a year to secure a deal compared to the average rate for all midsize cars, and $21 more a year than the national average for all vehicles of $1,567.
The chart below illustrates how average auto insurance rates change based on driver age and policy deductibles. prices shown are for an annual policy and range from $1,202 per year for a 60-year-old driver with $1,000 deductibles to the highest cost of $3,706 per year for a 20-year-old driver with $250 set deductibles.
To help illustrate how much variability there is with auto insurance rates, a liability-only policy for a Honda Accord in the more affordable parts of Idaho or Indiana costs as little as $237 a year. A newly licensed teen driver with a tendency to speed in the more expensive zip codes of Los Angeles, CA, could be billed $12,940 a year for a full coverage policy.
With so many factors that go into auto insurance rates, we’ve broken down a few of them to illustrate how different profiles and lifestyle choices can make a significant difference in what you’ll pay to insure your honda accord.
- Expect to pay a lot for high-risk insurance. For a 50-year-old driver, the requirement to purchase a high-risk policy could increase rates by $1,894 or more per year . High-risk insurance is typically only required after serious offenses like dwi/duis, driving with a license or insurance, or multiple at-fault accidents.
- The gender of the driver influences rates. For a 2022 Honda Accord, a 20-year-old male pays an estimated $3,182 per year, while a 20-year-old female driver pays $2,348, a difference of $834 per year. women get significantly cheaper rates at this age due to men’s tendency to be more aggressive and risk tolerant. but at age 50, the cost for a male driver is $1,450 and the rate for a woman is $1,420, a difference of only $30. marriage and children do that to a man.
- avoiding accidents saves money. at-fault accidents increase insurance rates, possibly by an additional $2,254 per year for 20 years . old driver and even $524 per year for a 50-year-old driver.
- Save money by qualifying for policy discounts. Discounts may be available if policyholders drive a vehicle safely or anti-theft features, have no claims, belong to certain professional organizations, insure your home and car with the same company, or many other policy discounts that could save the average driver up to $264 per year.
- Get a discount on your choice of occupation. Some auto insurance providers offer policy discounts for specific professions such as university professors, architects, doctors, military, scientists, farmers, and other occupations. If you can apply this discount to your policy, you can save between $48 and $159 on your annual insurance cost, depending on the age of the qualified driver.
- Accord teen driver insurance is expensive . Average rates for full coverage agreement insurance are $5,732 per year for a 16-year-old driver, $5,366 per year for a 17-year-old driver, and $5,012 per year for an 18-year-old driver.
- Car insurance is cheaper with higher deductibles. Increasing deductibles from $500 to $1,000 could save about $250 per year for a 40-year-old driver and $492 per year for a 20 year old driver. one-year-old driver.
- lower deductibles increase the cost of insurance. reducing physical damage deductibles from $500 to $250 could cost an additional $264 per year for a driver 40-year-old and $524 per year for a 20-year-old driver.
what is the cheapest deal to insure?
With honda accord auto insurance costing between $1,458 and $1,752 per year on average, the lowest cost model to insure is the hybrid. the next cheapest trim level to insure is the ex-l hybrid at $1,506 per year.
The average cost of Honda Accord insurance per month ranges from $122 to $146 depending on trim level, so plan to budget at least $122 per month for full coverage insurance. however, this amount will vary based on where you live.
For higher trim levels, the three most expensive Honda Accord models to insure are the EX-L, the Sport Special Edition, and the Touring trim levels at an estimated $1,660, $1,660, and $1,752 per year, respectively.
The table below shows the average Honda Accord insurance rates, including a monthly budget amount, for each available trim level for the 2022 model year.
how much is insurance on a used honda accord?
Securing a 2013 deal instead of a new 2022 model could save $488 or more each year. a 2017 model would save about $222 over the cost of insurance for a new model.
The following table shows the average insurance costs according to model years 2013 to 2022 and for various age groups of drivers. Average policy cost ranges from $986 per year for a qualified 60-year-old driver in a 2013 Honda Accord to the most expensive rate of $3,182 for a qualified 20-year-old driver in a 2022 Honda Accord.
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Eventually, as the vehicle ages, it will make sense to drop either comprehensive or collision or both from the insurance policy. As vehicles age and lose value due to depreciation, the additional cost of physical damage protection begins to outweigh the benefits.
Vehicle ages beyond the scope of the table above may be candidates for removing full coverage. Dropping comprehensive and collision coverage could save about $598 a year, depending on how high the deductibles are and the age of the driver.
how does the cost of honda accord insurance compare?
compared to other midsize cars, the accord is $86 more per year than the toyota camry, $118 less than the nissan altima, $14 less than the tesla model 3, and $4 more than the chevrolet malibu.
the honda accord ranks #8 out of 13 vehicles in the 2022 midsize car segment for auto insurance affordability. The settlement costs an average of $1,588 per year for full coverage insurance and the average rate for the class is $1,589 per year, a difference of $1 per year.
The chart below shows how average auto insurance rates for a deal compare to other popular 2022 midsize cars like the Toyota Camry, Nissan Altima, and Chevrolet Malibu. in addition, you can also see a larger table after the graph detailing the rates for the 13 vehicles in the midsize segment.
when you factor in the sticker price, we can figure out how the cost of insurance compares between the accord and other models with similar average msrp. the 2022 deal has an average sticker price of $31,564, before destination charges and dealer fees.
The vehicles closest in price to the deal for the 2022 model year are the Hyundai Sonata, Mazda 6, Toyota Camry and Subaru Legacy. The following list shows how those models compare to the Honda Accord for purchase price and cost to insure. See our cost comparison index page for comparisons of additional agreements and many other makes and models.
- Honda Accord vs. Hyundai Sonata: With an average MSRP of $30,667 and ranging from $24,350 to $35,400, the Hyundai Sonata is $897 less than the Honda Accord’s average sticker price. full coverage insurance on the hyundai sonata costs an average of $148 more each year than the honda accord.
- honda accord vs. Mazda 6 – With an average MSRP of $30,542 ($24,475 to $35,900), the 2022 Mazda 6 is $1,022 less than the average cost of the Honda Accord. Drivers can expect to pay an average of $70 less per year for Mazda 6 insurance compared to a settlement.
- Honda Accord vs. Toyota Camry: With an average MSRP of $30,273 and with a range of $25,395 to $35,820, the toyota camry is $1,291 less than the honda accord msrp. Toyota Camry insurance costs an average of $86 less each year than the Honda Accord.
- Honda Accord Vs. Subaru Legacy – With an average price of $29,611 and ranging from $22,995 to $36,195, the 2022 Subaru Legacy is $1,953 less than the average cost of the Honda Accord. Expect to pay an average of $108 less each year for full coverage insurance on your legacy Subaru compared to a settlement.
honda accord car insurance rates for teens
the honda accord has always been a solid choice for teens to drive. reliability and safety make it a good option for younger drivers, and the cost of insurance is affordable.
Regardless of the type of vehicle chosen, however, auto insurance for teens will always be priced higher than for more mature drivers. teens are easily distracted behind the wheel and haven’t had the experience that only comes with time and age.
However, the chart below shows the average Honda Accord auto insurance rates for teen drivers ages 16-19. rates are broken down for male and female drivers due to the significant difference in rates based on gender. Prices range from a minimum of $4,038 to insure a 19-year-old female driver to a maximum of $5,732 to insure a 16-year-old male driver.
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As the chart above shows, auto insurance rates are highest for 16-year-old drivers and decrease slightly each year. Honda Accord insurance for a 17-year-old driver costs an average of $4,766 for women and $5,366 for men. Insuring an 18-year-old with a Honda Accord would cost an average of $4,766 for women and $5,366 for men.
Please note that these rates are for a new 2022 Honda Accord, and rates tend to go down as the vehicle ages. Read the following section on liability insurance just to get an idea of how to lower the cost of Honda Accord car insurance for teens.
full coverage vs cost of liability insurance only
The teen driver rates in the chart above are for a fully covered 2022 honda accord, which simply means the insurance includes coverage for claims like hail damage, collision, and vehicle theft.
A good way to lower the cost of insurance not only for teen drivers, but for any driver of any age, is to purchase an older model Honda Accord and insure it for liability insurance only. this provides the required liability protection but saves money because you’re not paying for comprehensive and collision coverage.
The table below compares the cost of full coverage Honda Accord auto insurance to the cost of insuring just liability coverage.
One thing to keep in mind about purchasing a liability-only auto insurance policy is that if you have an accident or incident where your vehicle is physically damaged, you are not covered. therefore, if you don’t have the financial means to replace the vehicle, it may not be the best idea to drop physical damage coverage altogether.
Are honda accord insurance rates affected by where I live?
Depending on your address, the cost of insurance for a honda accord can range from lower premiums like $1,068 a year in virginia beach, va, or $990 in raleigh, nc, to high rates like $3,000 a year in the city of New York and $6,228 in Detroit, Michigan.
Additional rates for large metro areas include Nashville, TN, at $1,616 per year, Omaha, NE, at an average of $1,476, Boston, MA, at $1,786, and Long Beach, CA, at $2,064.
The following bar chart ranks the average cost of insurance for a Honda Accord in the 15 largest metropolitan areas in the United States. For this chart, rates range from $1,198 per year in Columbus, OH, to $3,000 in New York, NY, a difference of $1,802.
average cost of honda accord insurance by state
From a state perspective, states like Iowa ($1,148), North Carolina ($1,008), and Idaho ($1,254) tend to be on the lower side, while states like Michigan ($2,532), Florida ($2,322), and Kentucky ( $1,848) have higher insurance rates.
Insurance costs in most states are closer to the median, with states like massachusetts, missouri and kansas included in this group with average honda accord insurance rates of $1,300, $1,688 and $1,598 per year, respectively.