2021 Honda Accord Insurance Rates in 2024

Locating cheaper insurance for your Honda Accord can be difficult, but you can use the following methods to find lower rates.

There is a better way to find insurance coverage online so you’re going to learn the quickest way to quote coverages on a Honda and find the best price possible from local insurance agents and online providers.

If you have a policy now or are shopping for new coverage, you can learn to find better prices while maintaining coverages. Pricing the cheapest coverage is easy if you know what you’re doing. Consumers just need to understand the tricks to get comparison quotes on the web.

Save money by taking advantage of discounts

The cost of insuring your cars can be expensive, but there are discounts available that many consumers don’t even know exist. Most are applied when you get a quote, but some may not be applied and must be asked about before they will apply.

• Auto/Life Discount – Select insurance carriers reward you with a small discount if you purchase auto and life insurance together.
• Defensive Driving Course – Taking time to complete a safe driver class could save 5% or more and also improve your driving technique.
• Distant College Student Discount – Youth drivers living away from home attending college and do not take a car to college can receive lower rates.
• Discount for Home Ownership – Just being a homeowner may trigger a policy discount on insurance coverage because of the fact that having a home demonstrates responsibility.
• Military Deployment Discount – Being deployed with a military unit could mean lower premium rates.
• Data Collection Discounts – Drivers who agree to allow companies to look at driving manner by using a telematics device like Allstate’s Drivewise could see a rate decrease if they exhibit good driving behavior.
• Discount for New Cars – Buying a new car instead of a used car is cheaper because new vehicles are generally safer.

While discounts sound great, it’s important to understand that most discounts do not apply to all coverage premiums. Most only apply to specific coverage prices like physical damage coverage or medical payments. So even though it sounds like adding up those discounts means a free policy, it doesn’t quite work that way.

Some of the insurance companies that may offer most of these discounts include:

• GEICO
• Mercury Insurance
• Farmers Insurance
• Auto-Owners Insurance
• Liberty Mutual
• SAFECO
• Progressive
• USAA

If you need lower rates, check with every insurance company which discounts you qualify for. Depending on the company, some discounts might not apply in your state. To view insurance companies with discount rates, enter your zip code here.

How much auto insurance do I need?

When buying the best auto insurance coverage for your personal vehicles, there is no perfect coverage plan. Each situation is unique.

For example, these questions may help you determine if your insurance needs would benefit from an agent’s advice.

• Can I get a multi-policy discount?
• Is rental equipment covered for theft or damage?
• Do I have coverage if my license is suspended?
• Am I covered when driving in Canada or Mexico?
• Is my 2021 Honda Accord covered for flood damage?
• How does medical payments coverage work?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to an agent. If you want to speak to an agent in your area, complete your zip code. It only takes a few minutes and may give you better protection.

Big names are not always cheapest

Consumers can’t avoid all the ads that promise big savings by companies like Allstate, GEICO and Progressive. They all make the same claim that people will save if you change to them.

That’s great but how can every company say the same thing? It’s all in the words they use.

Insurance companies quote their cheapest rates for the type of customer that will add to their bottom line. A good example of this type of risk profile may need to be a female over age 40, has a low-risk occupation, and drives a safe vehicle. Any person that fits those parameters will get a cheap rate quote and as a result will probably save when switching.

Potential insureds who don’t qualify for these standards may receive a more expensive rate which results in the customer buying from a different company. The trick companies use is to say “people who switch” not “everybody who quotes” save money. That is how companies can truthfully make those claims.

Because every company is different, it’s extremely important to compare free insurance coverage quotes often. It’s not possible to predict which company will have the best car insurance rates at this point in time.

Coverage specifics

Knowing the specifics of your policy aids in choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Uninsured and underinsured coverage

This protects you and your vehicle from other drivers when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Most of the time these coverages are set the same as your liability limits.

Coverage for collisions

Collision insurance will pay to fix damage to your Accord from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as colliding with another moving vehicle, damaging your car on a curb, sideswiping another vehicle, driving through your garage door and crashing into a building. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to bring the cost down.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for bills for things like doctor visits, funeral costs and chiropractic care. They can be used in conjunction with a health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not an option in every state but can be used in place of medical payments coverage

Comprehensive coverages

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like fire damage, falling objects, a tree branch falling on your vehicle and damage from getting keyed. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Auto liability

This protects you from damage that occurs to other people or property that is your fault. This coverage protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged property. Some companies may use a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers things like attorney fees, medical services and repair costs for stationary objects. How much liability coverage do you need? That is your choice, but buy as much as you can afford.

Final thoughts

Some insurance providers do not offer the ability to get quotes online smaller companies provide coverage only through independent agents. Budget-friendly insurance coverage can be sourced from both online companies as well as from independent agents, and you should be comparing both to have the best rate selection.

As you quote insurance coverage, don’t be tempted to skimp on critical coverages to save a buck or two. There have been many cases where drivers have reduced liability limits or collision coverage only to find out that the few dollars in savings costed them thousands. The aim is to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.

Drivers change insurance companies for many reasons like lack of trust in their agent, policy non-renewal, delays in paying claims or poor customer service. Regardless of your reason, choosing a new insurance company is pretty simple and you could end up saving a buck or two.