Buying economical car insurance for a Honda Accord can be pretty simple, but it depends on many different factors such as your gender, the likelihood of vehicle theft, and your motor vehicle report. Drivers will pay on average $882 per year for Accord insurance, but that figure is calculated based on a 30-year-old married male driver with full coverage and $100 deductibles.
There’s a good chance you are not 30 years old and maybe not even male, possibly single instead of married, and you don’t want the same coverages and limits as the example. Car insurance coverage is unique to each driver, so this is why the way we recommend to find affordable rates for your Honda is to put in the effort to do a thorough rate comparison.
Your Honda’s trim level will be a contributing factor to the cost of insurance, so the price you pay to insure a Accord LX 4-Dr Sedan model will be $312 lower than the price to insure the more well-appointed Accord EX-L 2-Dr Coupe version, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accord LX 4-Dr Sedan | $204 | $348 | $232 | $14 | $70 | $868 | $72 |
| Accord EX 4-Dr Sedan | $204 | $348 | $232 | $14 | $70 | $868 | $72 |
| Accord LX-P 4-Dr Sedan | $204 | $348 | $232 | $14 | $70 | $868 | $72 |
| Accord EX-L 4-Dr Sedan | $234 | $422 | $232 | $14 | $70 | $972 | $81 |
| Accord EX 2-Dr Coupe | $234 | $498 | $308 | $18 | $92 | $1,150 | $96 |
| Accord LX-S 2-Dr Coupe | $234 | $498 | $308 | $18 | $92 | $1,150 | $96 |
| Accord EX-L 2-Dr Coupe | $264 | $498 | $308 | $18 | $92 | $1,180 | $98 |
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Information does not factor in vehicle garaging location which can influence coverage rates noticeably.
Buying low-cost auto insurance is not the easiest thing to do, and determining which companies quote the most affordable car insurance rates for a Honda Accord may require even more rate comparisons.
Every car insurance company has a different process for determining prices, so first we will examine the lowest cost car insurance companies in Anchorage. It’s a good idea to be aware that Anchorage, AK car insurance rates are impacted by many things which can substantially change the cost of having a policy. Price variation is why it is critical to do a thorough rate comparison to find the cheapest insurance quotes for a Honda Accord. Auto insurance prices are impacted by many factors and change frequently, so the best price six months ago may now be priced much higher than other options.
Find the Best Cheap Insurance for Your Accord
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Umialik | $892 |
| 2 | USAA | $929 |
| 3 | State Farm | $965 |
| 4 | Progressive | $1,223 |
| 5 | GEICO | $1,886 |
| 6 | Allstate | $2,327 |
| 7 | Safeco | $2,501 |
| Find Cheaper Rates Go | ||
Umialik may offer some of the best car insurance rates in Anchorage at around $892 a year. USAA, State Farm, Progressive, and GEICO are also some of the cheapest Anchorage, AK auto insurance companies.
In the rate table above, if you are currently insured with State Farm and switched to Umialik, you might see an annual savings of approximately $73. Customers with Progressive might save as much as $331 a year, and GEICO policyholders might lower prices by up to $994 a year.
To discover how much you can save, click here to get a free quote or visit several of the following companies.
Bear in mind that those rates are averaged for all insureds and vehicles and are not factoring in a specific vehicle garaging location for a Honda Accord. So the auto insurance company that fits your situation best may not even be in the list above. That helps illustrate why you need to get auto insurance quotes using your own specific driver and vehicle information.
Discounts on Anchorage car insurance rates
Insurers that offer cheap quotes for a Honda Accord may also offer price discounts that could lower prices by 35% or more if you are eligible to receive them. Larger car insurance companies and some of the discounts are:
- State Farm offers discounts for safe vehicle, multiple autos, accident-free, defensive driving training, driver’s education, passive restraint, and good student.
- Esurance has savings for paid-in-full, defensive driver, Switch & Save, DriveSense, homeowner, and Pac-12 alumni.
- Progressive may have discounts that include multi-policy, multi-vehicle, homeowner, online quote discount, good student, and online signing.
- Liberty Mutual policyholders can earn discounts including multi-car, preferred payment discount, multi-policy, exclusive group savings, new vehicle discount, and hybrid vehicle.
- Auto-Owners Insurance may offer discounts for student away at school, safe driver, good student, anti-theft, paid in full, multiple vehicles, and safe vehicle.
- GEICO offers discounts including emergency military deployment, seat belt use, daytime running lights, multi-vehicle, air bags, and membership and employees.
The information below compares car insurance costs with and without discounts applied to the premium. The premiums are based on a male driver, a clean driving record, no claims, Alaska state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with homeowner, accident-free, claim-free, passive restraint, safe-driver, and multiple vehicle discounts applied. When these discounts are applied, the average amount saved each year on car insurance for a Honda Accord is 27% or $436.
Full coverage rates compared to liability-only
Reducing the cost of car insurance should be important to most people, and one good way to find cheap insurance for a Honda Accord is to not pay for full coverage. The chart below shows the comparison of insurance prices when comparing full coverage to liability only. The premiums are based on no claims or violations, $500 deductibles, drivers are not married, and no policy discounts are applied.
Averaged for all ages 20 through 70, comprehensive and collision coverage on your policy costs an extra $1,717 per year over liability only. Many of you may wonder if paying for full coverage is a waste of money. There isn’t a written rule to stop paying for full coverage, but there is a general guideline. If the annual cost of your full coverage insurance is 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.
Compare rates to save
Alaska car insurance rates are determined by lots of factors that can increase the price of coverage. Simply improving your credit, becoming a homeowner, or getting a ticket for running a stop sign can trigger price changes that can cause some rates to be more affordable than the competition.
Not only may things change on your end, but car insurance companies modify rates as needed to adjust for gains or losses. Higher than normal claim frequency or severity may cause rate hikes, while less frequent claims may produce lower-cost Accord insurance rates.
For instance, the chart below shows rates for the cheapest car insurance in Anchorage, AK for a 35-year-old female driver with no accidents, a clean driving record, and a good credit rating. If we compare prices based on her personal risk profile, Umialik has the lowest car insurance rates in Anchorage at $1,147 per year. This is $396 less than the average price paid by Alaska drivers of $1,543. USAA, State Farm, Progressive, and GEICO are the rest of the best Anchorage, AK auto insurance companies.
The next chart shows rates after we give the driver from the above example an accident claim, poor credit, and a traffic citation. Because every insurance company uses a different method for setting prices, analyzing rates may now present a new list of the cheapest car insurance companies in Anchorage as shown below.
USAA now has the best price in Anchorage with State Farm, Umialik, Progressive, and Safeco now being in the top five. This example demonstrates why it is critical to compare many different companies when trying to get the cheapest car insurance quotes for a Honda Accord. Insurance rates are determined by many risk factors and change dramatically, so the best option the last time you shopped your coverage around may now be priced much higher than other options.
Tips for buying more affordable insurance for a Honda Accord
Below you’ll find some of the better thrifty suggestions that can help Alaska drivers quote more affordable car insurance.
- Save money by bundling your home and auto policies
- Lower rates by purchasing a safer vehicle
- Accident-free drivers may qualify for discounts
- Avoid getting tickets or violations
- Save money by only buying liability coverage for older vehicles
- Discounts for being claim-free can be substantial
- Compare rate quotes often
That last piece of advice is certainly valuable, as we pointed out in the prior information. Coverage rates can be changed at any time, so drivers shouldn’t be resistant to change to a new company if a lower-cost policy is available.
Staying with the same car insurance company is fine, but it’s not a great idea if it’s costing you major coinage every year. In just a few minutes you could compare rates and find cheaper car insurance for a Honda Accord in Anchorage.