Honda Accords are one of the more popular vehicles on the road. Ranked as the third top sedan in 2020 by consumers according to J.D. Power, it is no surprise that so many drivers praise the car for its quality, reliability, driving experience and resale value. When purchasing insurance on your Honda Accord, you should tailor your policy to your individual needs. Although the cost of Honda Accord car insurance can vary depending on your age, location and selected coverage, the average cost of insuring one with full coverage is $1,733 per year according to Bankrate’s 2022 study of quoted annual premiums. This guide may be used to help Honda Accord owners find the best insurance policy for their vehicle.
Models included in this review:
This review and analysis is based solely on Honda Accords.
How much does it cost to insure a Honda Accord?
The cost of purchasing Honda Accord insurance will vary based on several factors. Demographics such as age, gender, location, driving history and insurance history are typically the main influencers on your premium. However, your vehicle make and model can also impact your premium. Although the average cost of car insurance for a Honda Accord comes in at $1,733 annually compared to the national annual average of $1,674, Accord owners may want to consider the following factors that can either lower or raise insurance premiums:
- Crash rate stats: When an insurance company determines your premium, recent crash rate statistics will be taken into consideration. For example, if you drive a vehicle that is statistically involved in more accidents, your rate will likely be higher. According to the latest data by the Insurance Institute for Highway Safety (IIHS), there were approximately 34 deaths between 2014-2017 for passengers or drivers of Honda Accords — a lower number than comparable mid-size sedans in which there were an average of 36 deaths per vehicle analyzed.
- Price of parts: When you get into an accident, your insurance policy may pay out to repair your vehicle. If your vehicle requires special, costly or hard-to-get parts, your premium could be higher. However, because Honda is a global company with factories in several countries, including the United States, parts are generally easier to acquire.
- Safety features: Your vehicle’s individual safety features will likely have a strong effect on your rate because a vehicle that tends to have a lower safety rating will likely cost an insurance company more in claims payouts. Owners of Honda Accords, however, may feel relieved knowing their vehicles have received an overall “Good” standing in crashworthiness and crash avoidance from the IIHS, particularly for 2018-2021 models.
Car insurance for a Honda Accord
As discussed, car insurance rates will greatly vary between each person based on their own unique circumstances. However, if you are shopping around for the best Honda Accord car insurance, the following average rates may provide you a great place to start. Remember that it helps to compare quotes from more than one company to find the best rate, since each car insurance company determines premiums based on a distinctive calculation.
The table below provides the average annual Honda Accord insurance cost with minimum coverage and full coverage. Variables that could affect your risk and, therefore, increase your insurance cost include area-wide crash statistics, cost to replace Honda Accord parts after an accident, and individual safety features built into your vehicle. Before purchasing a new or used Accord, you could research standard features by model year to help prevent your premium from being higher due to a lack of important safety and crash avoidance features.
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Cheapest car insurance companies for Honda Accords
When you are looking for the cheapest car insurance for your Honda Accord, it may be beneficial to get quotes from the following insurance companies. These five companies are among the best car insurance companies for 2022, are some of the largest providers by market share and offer a lower average annual premium for full coverage than the $1,733 average for Honda Accords, according to Quadrant Information Services. Please note that premium rates will be different for each driver, so your premium could be higher or lower than the average rates provided below.
Average annual premium for full coverage by model
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Honda Accord features that impact insurance costs
There are several features included in your Honda Accord that could impact your insurance cost, especially as they relate to your vehicle’s overall safety. These features may include, but are not limited to:
- Air bags: Although air bags are now a standard feature on vehicles, older models may not have all of the air bags that are common now, which could negatively impact your premium cost. Newer models also have a front knee air bag to keep the driver and front passenger in position if the front air bags deploy during an accident.
- Anti-lock brakes: Anti-lock brakes (ABS) use sensors to prevent vehicles from locking up during hard turning and braking. They also allow a driver to maintain control of the vehicle’s steering system, which could help prevent a collision and is considered an important standard safety feature.
- Blind-spot warnings: Newer vehicle models equipped with top-of-the-line technology may have features like blind-spot warning systems, collision detection and lane drift recognition, which could greatly reduce your chance of being in an accident. As a result, these features would likely be considered positively by an insurance company.
- Seat belts: Seat belts are another standard feature that has proven to increase passenger safety in a vehicle. Older models of your Honda Accord may not have the most upgraded seat belt features, especially in the back rows. Modern technology has led to retracting belts, adjustable anchors and tethers, and other improvements to seatbelt design that could positively impact on your overall safety.
- Cross Traffic Monitor: When reversing, the Honda Accord can notify the driver of nearby and oncoming vehicles approaching from both directions. Although it’s important to stay alert while driving, this can be an added safety measure to avoid accidents with hard-to-see obstacles.
- Low-Speed Braking Control: This feature activates when the Honda Accord is moving at a low speed. If the car senses that a front or rear collision is imminent and unavoidable, it will automatically brake the car to avoid an accident.
Other car insurance coverage for a Honda Accord
While minimum coverage may often be the cheapest option, it may not necessarily be the best option for your individual policy. Before purchasing insurance, consider what type of coverage you need to adequately protect you, your passengers and your vehicle. Nearly every state requires you to purchase liability coverage, including bodily injury and property damage, which provides insurance protection for other drivers and their vehicles if you were to cause a collision. However, neither of these coverage types provide financial protection for your car or you and your passengers if injured.
To ensure that your Honda Accord insurance includes coverage for your vehicle damage in a covered accident, you may want to consider coverage options like collision and comprehensive. You can also consider medical payments coverage to cover you and any passengers for medical costs up to the coverage limit. Other options to consider adding to your Honda Accord car insurance can be uninsured motorists coverage, roadside assistance and rental car coverage. Every driver’s needs are different, but considering which of these coverage choices could be most beneficial to you and your lifestyle is the first step in building a car insurance policy that works for you.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2019 Honda of the following model types, commute five days a week and drive 12,000 miles annually:
- Honda Accord
These are sample rates and should only be used for comparative purposes.