Compare the Cost of Honda Accord Insurance by Model Year and Company

According to MoneyGeek’s research, the average cost of insuring a Honda Accord is $1,234 per year. Compared to average insurance rates across all car models, Honda Accord insurance costs are relatively inexpensive and cost about $193 less per year. Rates can vary with different insurance companies and model years, so it pays to shop around.

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When looking to buy car insurance for your Honda Accord, shopping around can be a good idea. Comparing rates from different insurers can net you a better deal as different insurers can offer different rates based on your car type and year.

Key Takeaways

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The average cost of insuring a Honda Accord is $1,234 per year. This is $193 less than the average cost across every car model.

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Honda Accord insurance costs can change by as much as $478 per year based on the company you choose. You can save money by shopping around.

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The cost to insure a Honda Accord can vary by as much as $357 per year depending on the age of your car, with older models getting cheaper rates.

How Much It Costs to Insure a Honda Accord and the Cheapest Company

Honda Accord insurance rates can vary greatly depending on the insurance company you choose. The average cost of insuring a Honda Accord is $1,234. However, costs can vary depending on the insurer.

The cheapest insurance option for the Honda Accord is USAA, with an average annual cost of $1,038 — that's a difference of up to $478 per year in comparison to the most expensive provider.

The Average Annual Cost of Honda Accord Insurance by Company

MoneyGeek used a sample driver profile to collect Honda Accord insurance quotes from multiple providers. The sample driver has 100/300/100 liability insurance with comprehensive and collision coverage.

The Average Cost to Insure a Honda Accord by Company

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Is a Honda Accord Expensive to Insure?

For a given car model, insurers use a variety of factors and considerations to determine insurance costs. Cars that cost more, are more likely to be stolen or are more likely to be involved in accidents tend to cost more to insure.

Honda Accords are generally quite inexpensive to insure. It is a low-value car and is cheaper to repair. It is also a low horsepower car, making it less likely to be involved in serious crashes. A combination of these two factors makes the Honda Accord less expensive to insure.

The Best Car Insurance Company for a Honda Accord

When purchasing car insurance for a Honda Accord, cost should not be the only factor you consider. It is also important to learn important details about your insurer.

MoneyGeek used its rating system, based on financial stability, customer satisfaction, customer complaints and affordability, to determine that:

  • USAA is the best option for insuring a Honda Accord. However, it is only available to current and former military personnel and eligible family members.
  • The second-best choice for insuring a Honda Accord is GEICO.

1
USAA
Score:99

5/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
GEICO
Score:89

4.9/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

3
Progressive
Score:83

4.4/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

4
State Farm
Score:83

4.2/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

5
Allstate
Score:69

3/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

How Much It Costs to Insure a Honda Accord by Model Year

If you have an older car, it can be cheaper to insure. The value of a car depreciates over time, resulting in cheaper comprehensive and collision coverage.

For a 2005 Honda Accord, the average cost of insurance is $999 per year. For the 2020 model, it is an average of $1,356 annually.

Based on the model year, different insurers might offer varying rates. For a 2020 Honda Accord, the cheapest insurance company is USAA, with an average cost of $1,108 per year.

Scroll to your model year below to compare rates from different providers.

The Average Cost to Insure a Honda Accord by Model Year

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  • Company
    Average Annual Rates (2020 model)
    Average Annual Rates (2019 model)
    Average Annual Rates (2018 model)
    Average Annual Rates (2017 model)
    Average Annual Rates (2016 model)
    Average Annual Rates (2010 model)
    Average Annual Rates (2005 model)
  • 1.
    $1,108
    $1,119
    $1,110
    $1,085
    $1,055
    $930
    $859
  • 2.
    $1,165
    $1,129
    $1,163
    $1,084
    $1,056
    $941
    $869
  • 3.
    $1,226
    $1,224
    $1,036
    $1,338
    $1,314
    $1,072
    $1,032
  • 4.
    $1,347
    $1,324
    $1,303
    $1,293
    $1,273
    $1,027
    $963
  • 5.
    $1,341
    $1,359
    $1,445
    $1,461
    $1,418
    $1,234
    $1,099

How Expensive Is It to Insure a Honda Accord Compared to Other Cars?

Driving a Honda Accord is relatively inexpensive when it comes to car insurance costs. The average annual cost of insuring a Honda Accord is $1,234, or $193 less than the average cost across all other models.

How Much It Costs to Insure a Honda Accord for 16- to 25-Year-Olds

For young drivers, car insurance can be more expensive due to their inexperience on the road. Inexperience makes them riskier to insure.

For an 18-year-old driver, the average cost of insuring a Honda Accord is $4,028 per year. A 40-year-old driver would pay roughly $1,234.

It usually costs less to insure teenagers when they are on their parents’ plan. If you have a teen driver and want to save money, it may be a good idea to keep them on your policy.

You can view car insurance costs for young drivers ages 16 to 25 below.

The Average Cost to Insure a Honda Accord by Driver Age

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  • Age
    Average Annual Rates
  • 16
    $5,164
  • 17
    $4,574
  • 18
    $4,028
  • 19
    $2,885
  • 20
    $2,575
  • 21
    $2,038
  • 22
    $1,877
  • 23
    $1,718
  • 24
    $1,612
  • 25
    $1,463
  • 40
    $1,234

How Does Location Affect the Cost of Honda Accord Insurance?

The costs indicated in this article are all based on a national average. However, where you live can impact your car insurance costs significantly. You can get more information about car insurance costs in individual states with our state page analysis.

FAQs About Honda Accord Insurance

The model of your car is just one of the many factors that can impact your cost of car insurance. Here are some common questions about insuring a Honda Accord.

Read More About Car Insurance

Methodology

MoneyGeek collected information about insuring a Honda Accord LX from different providers using a sample driver profile. The driver, in this scenario, is a 40-year-old male buying a full coverage policy with coverage that includes:

  • $100,000 in bodily injury liability insurance per person
  • $300,000 in bodily injury liability insurance per accident
  • $100,000 in property damage liability insurance per accident
  • Comprehensive and collision insurance with a $1,000 deductible

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.