Buying affordable coverage for a Honda Accord is normally pretty easy, but it depends on lots of different factors such as how you use your Accord, your claims history, and violations on your driving record. Texas drivers pay around $1,114 a year for Accord insurance, but that figure is a projection calculated based on a 30-year-old married female driver with full coverage and $250 deductibles.
The problem with using this number is the good chance you may not be 30 years old (or even female), you might be single instead of married, or maybe your Accord doesn’t need full coverage. The different assumptions illustrate why the best method for finding cheap auto insurance rates for your Honda is to compare rates from as many companies as possible.
The trim level of your vehicle will have an impact the coverage cost, so the price to insure a Accord LX 4-Dr Sedan trim level will be $396 less than the insurance cost for the higher-priced Accord EX-L 2-Dr Coupe model, as shown in the table below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accord LX 4-Dr Sedan | $248 | $400 | $330 | $20 | $98 | $1,096 | $91 |
| Accord EX 4-Dr Sedan | $248 | $400 | $330 | $20 | $98 | $1,096 | $91 |
| Accord LX-P 4-Dr Sedan | $248 | $400 | $330 | $20 | $98 | $1,096 | $91 |
| Accord EX-L 4-Dr Sedan | $286 | $486 | $330 | $20 | $98 | $1,220 | $102 |
| Accord EX 2-Dr Coupe | $286 | $572 | $440 | $26 | $132 | $1,456 | $121 |
| Accord LX-S 2-Dr Coupe | $286 | $572 | $440 | $26 | $132 | $1,456 | $121 |
| Accord EX-L 2-Dr Coupe | $322 | $572 | $440 | $26 | $132 | $1,492 | $124 |
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Prices do not factor in Austin location which can decrease or increase insurance rates noticeably.
Ending up with a good quality company can be challenging considering how many companies sell coverage in Texas. The ranking data shown next could help you analyze which coverage providers you want to consider comparing rates from. The rankings below are only comprised of the largest auto insurers in America, so companies without a large exposure are not taken into consideration for these rankings.
Top 10 Major Auto Insurance Providers Overall in Austin
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
The illustration below shows how different deductible levels can impact insurance prices when searching for cheap insurance for a Honda Accord. The price estimates are based on a married female driver, comp and collision included, and no additional discounts are factored in.
The data above shows that a 40-year-old driver could lower their car insurance rates by $352 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $528 by changing to a $1,000 deductible. Even younger insureds, like the 20-year-old example, could lower their rates as much as $870 or more just by using higher deductibles. If you do decide to increase your deductibles, it is necessary to have emergency funds available to be able to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Why it’s important to shop around
Austin, TX auto insurance rates are determined by lots of factors which can significantly increase or decrease the policy premium. Simply improving your credit, buying a new vehicle, or having an accident can produce rate changes that can now make some companies affordable when they were higher priced.
Not only that, but insurers file new rates as needed to ensure their profitability. Significantly higher losses can cause more expensive prices, while profitable underwriting may produce cheaper Accord insurance rates.
For instance, the chart below shows which companies have the cheapest car insurance in Austin, TX for a 35-year-old female driver with no prior accidents, a clean driving record, and a decent credit rating. If we estimate prices based on her current situation, Travelers may have the cheapest car insurance rates in Austin at $1,129 per year. This is $775 less than the average price paid by Texas drivers of $1,904. USAA, Germania Mutual, Texas Farm Bureau, and Esurance are the remaining cheapest Austin, TX auto insurance companies.
In the next rate comparison, we’ll give the driver from the first rate comparison an accident surcharge, less-than-perfect credit, and a speeding citation. Since each insurance company has a different process to determine rates, getting updated rate quotes will most likely result in a slightly different list of affordable Austin car insurance companies as shown below.
State Farm now has the cheapest auto insurance in Austin, TX with Mercury, USAA, Nationwide, and Safe Auto now rounding out the top five. This shows why consumers need to spend some time comparing rates to find the cheapest auto insurance quotes for a Honda Accord.
Insurance rates can be altered by many risk factors and change dramatically, so the cheapest option three years ago may now be quite expensive.
How to find the cheapest insurance for a Honda Accord
Lowering your rates is not difficult, and here are some penny-pinching ideas that can help you locate more affordable auto insurance.
- Avoid at-fault accidents and claims
- Higher credit scores may earn you cheaper rates
- Get cheaper liability coverage by choosing a safer vehicle
- Higher deductibles save money
- On older vehicles, drop full coverage
- Violations and traffic tickets increase rates
- Compare rates once a year for cheaper prices
The final tip is remarkably necessary, as we emphasized in the prior information. Car insurance prices can be changed at any time, so drivers shouldn’t be reluctant to change insurance companies if you find a better deal.
We understand brand loyalty, but it’s not recommended if that loyalty results in overpaying money that could be spent on other things. Now is a great time to compare rates and find cheaper auto insurance for a Honda Accord in Austin.
The professional agents shown below can help you determine which policy is best, since lots of people like to have a professional recommendation when trying to find lower insurance rates for a Honda Accord. It’s not always simple to find the cheapest rate yourself, so using a licensed agent can provide comfort knowing your coverage gives you adequate coverage if you have an accident or claim. To locate an Austin auto insurance agent closest to you, click the link at the bottom.
- Allstate Insurance: Homero Escobar
730 W Stassney Ln Ste 230 – Austin, TX 78745 – (512) 443-9598 - Bridgette Hearne – State Farm Insurance Agent
3407 W Slaughter Ln b – Austin, TX 78748 – (512) 441-3704 - Nancy Callahan – State Farm Insurance Agent
3500 Jefferson St #313 – Austin, TX 78731 – (512) 451-7573 - Allstate Insurance: Richard Harper
1807 W Slaughter Ln Ste 400 – Austin, TX 78748 – (512) 292-7410 - Lezam Insurance
4301 W. William Cannon Dr., Ste. B-120 – Austin, TX 78749 – (512) 263-4333