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Honda Accords are one of the most popular vehicles on the road. The car took second place in J.D. Power’s 2022 Best Midsize Car ranking, but if you own one, it might still be difficult to know where to start when it comes to finding the best car insurance for your Honda Accord.
Although the cost of Honda Accord car insurance may vary depending on your age, location and selected coverage, the average cost of insuring one is $1,733 per year for full coverage, according to Bankrate’s 2022 study of quoted annual premiums. Honda Accord owners may find this guide useful when beginning their search for cheap auto insurance.
How much does it cost to insure a Honda Accord?
The cost of purchasing Honda Accord insurance may vary based on several factors, including your vehicle make and model. Demographics such as age, location, driving history and claims history may also influence your premium. The average cost of car insurance for a Honda Accord in 2021 is $1,733 per year. This is lower than the national annual average of $1,674. Accord owners might want to consider the following factors that may lower or raise insurance premiums:
- Crash rate stats: When an insurance company determines your premium, recent crash rate statistics for your vehicle may be taken into consideration. According to the latest data by the Insurance Institute for Highway Safety (IIHS), there were approximately 34 deaths per million between 2015 and 2018 for passengers or drivers of model year 2014-2017 Honda Accords. This is lower than the average death rate for comparable mid-size sedans.
- Price of parts: When you get into a covered accident, your insurance policy may pay out to repair your vehicle, depending on your coverage types and limits. If your vehicle requires special, costly or hard-to-get parts, your premium could be higher. As Honda is a global company with factories in several countries, including the U.S., parts are typically easier to acquire.
- Safety features: Your vehicle’s individual safety features may impact your insurance rates as it could influence how much your insurance company may have to pay out in case of a covered accident. Fortunately, the 2022 Honda Accord earned the IIHS Top Safety Pick+ award for midsize cars.
Car insurance for a Honda Accord
Car insurance rates may vary between drivers based on their own unique rating factors. However, if you are shopping around for the best Honda Accord car insurance, the following average rates may provide you with a place to begin your search. These rates are based on a sample population, so your rates may vary.
|Honda Accord car insurance||Average annual premium|
Cheapest car insurance companies for Honda Accords
If 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 also among the best car insurance companies. These carriers 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 may be different for each driver based on individual rating factors, so your premium could be higher or lower than the average rates provided below.
Average annual premium for full coverage by model
|Car insurance company||Honda Accord|
What features impact my Honda Accord insurance costs?
There are several features of your Honda Accord that may 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 airbag to keep the driver and front passenger in position if the front airbags deploy during an accident.
- Blind-spot warnings: 2022 Honda Accords feature a blind spot information system which may indicate whether another vehicle is in your blind spot and assist with turning and lane changes.
- Cross traffic Monitor: When reversing, the Honda Accord may notify the driver of nearby and oncoming vehicles approaching from both directions. This added safety measure may help drivers 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 may automatically brake the car to avoid an accident.
- Auto high-beam headlights: The Honda Accord’s high beam headlights may be set to automatically dim when oncoming traffic is approaching.
Other car insurance coverage for a Honda Accord
While minimum coverage may be the cheapest insurance coverage option, it may not necessarily offer all the financial protection you need. 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 an accident. 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, also known as full coverage. If you finance or lease your Honda Accord, gap insurance may be a valuable optional coverage to add to your policy. Other options to consider adding to your Honda Accord car insurance may include uninsured motorists coverage, roadside assistance and rental car coverage.
Frequently asked questions
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.