Buying affordable coverage for a Honda Accord doesn't take a ton of time, but it hinges on a pretty complex algorithm that uses a lot of factors such as whether you are male or female, your claims history, and the deductible amount you use. Drivers pay approximately $857 per year to insure their Accord, but that figure is an approximation using a 30-year-old married male driver with full physical damage coverage and $500 deductibles.
There's a good chance you're not a 30-year-old male, single instead of married, and you need different coverage limits than the sample rates. Having even a minor difference in rating criteria may result in significant differences in the policy rate.
This shows why the best way to find cheap auto insurance rates for your Honda is to do the rate comparisons yourself. Rate quotes are easy and you will be able to compare rates from the best companies that offer coverage in Pennsylvania.
The trim level of your Accord will influence price, so the price you pay to insure a Accord LX 4-Dr Sedan will be $304 cheaper than the insurance cost for the more well-appointed 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||$180||$284||$280||$16||$84||$844||$70|
|Accord EX 4-Dr Sedan||$180||$284||$280||$16||$84||$844||$70|
|Accord LX-P 4-Dr Sedan||$180||$284||$280||$16||$84||$844||$70|
|Accord EX-L 4-Dr Sedan||$206||$346||$280||$16||$84||$932||$78|
|Accord EX 2-Dr Coupe||$206||$408||$372||$22||$112||$1,120||$93|
|Accord LX-S 2-Dr Coupe||$206||$408||$372||$22||$112||$1,120||$93|
|Accord EX-L 2-Dr Coupe||$234||$408||$372||$22||$112||$1,148||$96|
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Price estimates do not factor in specific garaging location which can impact coverage prices greatly.
Deciphering which companies quote the best car insurance rates for a Honda Accord in Pennsylvania involves more time than just comparing a company or two.
Every insurance provider has a proprietary formula to set their prices, so let's take a look at the most affordable car insurance companies in Pennsylvania.
Best Cheap Insurance Rates for Your Accord
|Rank||Company||Cost Per Year|
|17||Mutual Benefit Group||$1,454|
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General Casualty offers some of the best car insurance rates in Pennsylvania at around $726 a year. Travelers, Erie, USAA, and Penn National also rank well as some of the cheaper Pennsylvania insurance companies.
As the rates illustrate above, if you have coverage with USAA and switched to General Casualty, you could realize an annual premium reduction of in the neighborhood of $83. Customers with Penn National may save as much as $114 a year, and Auto-Owners policyholders might reduce prices by as much as $277 a year.
To find cheaper insurance rates for your vehicle, click here to begin a quote or visit any of the companies below.
Bear in mind that those premiums are averaged for all ages of drivers and types of vehicles and and are not figured with a specific rating modification for a Honda Accord. So the car insurance company that has the lowest price for you may not even be in the top 30 companies in the list above. That emphasizes why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.
The illustration below demonstrates how choosing different deductibles can influence insurance premiums when quoting cheap insurance for a Honda Accord in Pennsylvania. The costs are based on a married male driver, full coverage, and no additional discounts are factored in.
The data above shows that a 40-year-old driver could reduce rates by $230 a year by increasing from a $100 deductible to a $500 deductible, or save $346 by choosing a $1,000 deductible. Young drivers, like the Age 20 category, could reduce their rates as much as $762 each year by choosing a higher deductible.
When choosing a higher deductible, it is a good idea to have additional funds in a savings account to enable you to pay the extra out-of-pocket expense that comes with higher deductibles.
Cost of full coverage in Pennsylvania
Buying cheaper car insurance is probably important to the majority of vehicle owners, and one common way to buy cheaper insurance for a Honda Accord in Pennsylvania is to only buy liability insurance. The example below shows the difference between insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Pennsylvania. The data assumes no claims, a clean driving record, $1,000 deductibles, marital status is single, and no other discounts are factored in.
Averaged out for all age groups, comprehensive and collision coverage on your policy costs $1,385 per year more than just buying liability only. A very common question is if buying full coverage is a good investment. There is no set guideline that is best for determining when to drop full coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is 10% or more of the vehicle's replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
There are some conditions where buying only liability insurance is not in your best interest. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.
Careless driving habits raise car insurance rates
One of the best ways to get good car insurance premiums in Pennsylvania for an Accord is to drive safely and avoid accidents and traffic violations. The example below illustrates how traffic citations and at-fault fender-benders raise insurance costs for different age groups. The data is based on a single female driver, full coverage, $1,000 deductibles, and no discounts are factored in.
In the chart above, the average cost of car insurance in Pennsylvania per year with no accidents or violations is $1,760. Get two speeding tickets and the average cost rises to $2,345, an increase of $585 each year. Now add in two accidents along with the two speeding tickets and the annual cost of car insurance for a Honda Accord in Pennsylvania jumps again to an average of $4,803. That's an increase of $3,043, or $254 per month, just for not driving attentively!