Buying competitive car insurance for a Honda Accord depends on a whole bunch of factors such as when you were born, the condition of your credit, and any past driving violations you may have had. Drivers pay on average $1,500 a year to insure their Accord, but that is a valuation based upon a 30-year-old single male driver with full coverage and $250 deductibles.
There’s a high likelihood you aren’t exactly 30 years old or even a male, maybe you are married instead of single, or maybe you just want liability only. Have just a small change in policy rating criteria or coverages could end up in a significant change in the cost of insuring your Accord.
The different assumptions illustrate why the only real way to find the cheapest coverage for your Honda is to compare as many rates as you can. Comparing quotes is easy and you will receive rate quotes from the best auto insurance companies that insure Honda vehicles in California.
Your vehicle’s trim level tends to impact the yearly cost, so the price to insure a Accord LX 4-Dr Sedan trim level will cost $524 less than the price to insure the higher-end Accord EX-L 2-Dr Coupe model, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$340||$472||$492||$30||$148||$1,482||$124|
|Accord EX 4-Dr Sedan||$340||$472||$492||$30||$148||$1,482||$124|
|Accord LX-P 4-Dr Sedan||$340||$472||$492||$30||$148||$1,482||$124|
|Accord EX-L 4-Dr Sedan||$390||$576||$492||$30||$148||$1,636||$136|
|Accord EX 2-Dr Coupe||$390||$678||$654||$38||$196||$1,956||$163|
|Accord LX-S 2-Dr Coupe||$390||$678||$654||$38||$196||$1,956||$163|
|Accord EX-L 2-Dr Coupe||$440||$678||$654||$38||$196||$2,006||$167|
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Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Table data does not factor in your specific San Diego location which can decrease or increase coverage prices greatly.
Deciphering which companies have the cheapest auto insurance rates for a Honda Accord will involve a bit more effort in order to find coverage that fits your budget.
Every insurance provider has a proprietary formula to set policy rates, so to begin we’ll rank the most competitive auto insurance companies in San Diego.
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|Rank||Company||Cost Per Year|
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USAA quotes some of the most affordable car insurance rates in San Diego at around $1,109 each year. Wawanesa, Century National, CSAA, and Nationwide also make the cut as some of the lowest-priced San Diego, CA insurance companies.
In the above rates, if you are a policyholder with CSAA and switched to USAA, you may see an annual savings of in the neighborhood of $89. California drivers with Nationwide could save as much as $117 a year, and 21st Century customers might cut rates by $257 a year.
These policy rates are averages across all drivers and vehicles in California and do not take into consideration an exact zip code location for a Honda Accord. So the car insurance company that fits your situation best may not even be in the top 24 companies shown above. That is why you need to get auto insurance quotes using your own specific driver and vehicle information.
Should you buy full coverage?
Buying cheaper auto insurance should be important to most people, and one of the easiest ways to reduce the cost of insurance for a Honda Accord is to not insure for full coverage. The illustration below visualizes the comparison of yearly insurance costs with full physical damage coverage compared to only buying liability only. The data is based on no accidents or driving violations, $100 deductibles, drivers are not married, and no discounts are applied.
As an average, full coverage costs an additional $2,525 per year over and above liability only. Lot’s of drivers question if physical damage coverage is worth the money. There is no exact formula for eliminating physical damage insurance, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
For example, let’s assume your vehicle’s replacement cost is $9,500 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $8,500 after paying your policy deductible. If it’s costing you more than $850 annually for physical damage coverage, then you might want to think about dropping full coverage.
There are a few cases where only buying liability is not a good idea. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.
Shop around and save
San Diego auto insurance rates are calculated based on many things which can substantially decrease or increase the cost of having a policy. Simply turning a year older, moving across town, or having an accident may cause policy rate changes that can now make some companies more affordable than before.
And not only may your rating factors change, but auto insurance companies file new California car insurance rates every year or even multiple times each year to reflect underwriting profits or losses. Unexpectedly high claims may result in rate increases, while profitable underwriting can produce cheaper Accord insurance rates.
The chart below shows a variety of companies that have the cheapest car insurance in San Diego, CA for a 40-year-old female driver with no accidents, a clean driving record, and excellent credit. Based on her current risk profile, USAA quotes the cheapest car insurance rates in San Diego at $1,169 per year. This is $482 less than the average rate paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are the rest of the cheapest San Diego, CA auto insurance companies.
Let’s now give the driver in the first chart an accident claim, a lower credit rating, and a stop sign violation. Because each company has a proprietary method to determine rates, analyzing rates may now present a slightly different list of companies as shown below.
Grange now has the cheapest auto insurance in San Diego with Mercury, Progressive, GEICO, and Allstate also being competitive. This shows why consumers need to take the time to shop around when trying to get the most budget-friendly car insurance quotes for a Honda Accord. Insurance prices can be altered by many things and can change without notice, so the lowest-price company a year ago may now be an over-priced policy.
How to find cheaper auto insurance for a Honda Accord
It is possible to find better rates, and here are a few money-saving solutions that can help drivers quote low-cost coverage.
- Do not get tickets
- Prevent price hikes by avoiding at-fault accidents
- Lower rates by purchasing a safer vehicle
- Do not pay for full coverage if not needed
- Improve your credit
- Higher comprehensive and collision coverage deductibles will save money
- Compare rate quotes often
That last idea is especially critical, as we hit on in this article. Coverage prices in San Diego adjust often, so you should be ready to switch companies if a more affordable rate is found. Having a favorite company is great, but it’s not a great idea if that faithfulness ends up costing you lots of hard earned cash every month. If you have a few minutes, shop around and find cheaper auto insurance for a Honda Accord.
The insurance agencies listed below can help you decide which coverages and limits you need, since many people would rather have a consultation when comparing insurance rates for a Honda Accord. It can be hard to find the best policy on your own, and getting advice from a licensed agent can give comfort knowing your coverage gives you suitable coverage if you ever need to use it. To find an auto insurance agency nearest to you, click the button following the list.
Karen L Wroan – State Farm Insurance Agent
12780 High Bluff Dr #180 – San Diego, CA 92130 – (858) 755-7553
David Thompson – State Farm Insurance Agent
7061 Clairemont Mesa Blvd Ste 217 – San Diego, CA 92111 – (858) 560-5400
Steve Elder – State Farm Insurance Agent
9225 Mira Mesa Blvd #208d – San Diego, CA 92126 – (858) 271-8928
Nationwide Insurance: Keith Jackson Insurance Agency Inc
1081 Camino del Rio S Ste 210 – San Diego, CA 92108 – (916) 742-6995