Finding cheaper insurance for a Honda Accord is normally pretty easy, but it depends on a lot of rating criteria such as the safety rating for your Accord, the likelihood of vehicle theft, and blemishes on your driving record. Drivers pay approximately $771 each year for Accord insurance, but that price is an estimation calculated using a 40-year-old married male driver with both comprehensive and collision coverage and $100 deductibles.
More likely than not, you aren’t exactly 40 years old or even a male, single instead of married, or maybe you just want liability only instead of full coverage. Not everyone needs the same coverages, so the only real way to find the cheapest rates for your Honda is to do the rate comparisons yourself. Quotes are free and easy and you will be able to see rates from top-rated car insurance companies available.
The specific model of Accord tends to have a direct impact on the cost of coverage, so the price you will pay to insure a Accord LX 4-Dr Sedan trim level will be $276 less than the cost to insure the higher-end Accord EX-L 2-Dr Coupe trim level, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$170||$292||$218||$12||$66||$758||$63|
|Accord EX 4-Dr Sedan||$170||$292||$218||$12||$66||$758||$63|
|Accord LX-P 4-Dr Sedan||$170||$292||$218||$12||$66||$758||$63|
|Accord EX-L 4-Dr Sedan||$194||$356||$218||$12||$66||$846||$71|
|Accord EX 2-Dr Coupe||$194||$420||$290||$18||$86||$1,008||$84|
|Accord LX-S 2-Dr Coupe||$194||$420||$290||$18||$86||$1,008||$84|
|Accord EX-L 2-Dr Coupe||$220||$420||$290||$18||$86||$1,034||$86|
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Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Estimates do not factor in zip code location which can influence premium rates noticeably.
Selecting the right auto insurance provider can be difficult considering how many choices there are in Charlotte. The company rank data in the next section could help you decide which coverage providers you want to consider putting your business with. The rankings below include companies that write coverage in many states, so smaller regional companies are not included in the list.
Top 10 Large Auto Insurance Companies in Charlotte Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
- Allstate – A+
The diagram below demonstrates how deductibles can impact premium costs when getting quotes for cheap insurance for a Honda Accord. The data assumes a single male driver, comprehensive and collision coverage, and no other discounts are factored in.
The data above shows that a 50-year-old driver could save $244 a year by changing from a $100 deductible up to a $500 deductible, or save $368 by selecting a $1,000 deductible. Young drivers, such as the 20-year-old example, can save $808 annually just by using higher deductibles.
If you make the decision to raise deductibles, it will be necessary to have plenty of savings on hand to allow you to cover the extra out-of-pocket expense, which deters some people from using high deductibles.
Last year’s bargain might be this year’s rip off
North Carolina car insurance rates are impacted by many factors that can increase the price of coverage. Simply having a birthday, getting married, or getting a ticket for running a stop sign may generate price changes that can make some companies more affordable than the competition.
Not only may your risk profile change, but auto insurance companies modify pricing as often as every three months to ensure their profitability. Higher than normal claims may cause more expensive prices, while better underwriting may cause more affordable Accord insurance rates.
To illustrate this point, the chart below analyzes the cheapest car insurance in Charlotte, NC for a 30-year-old male driver with a clear driving record, no claims, and good credit. Based on his current rating profile, Progressive may have the most affordable car insurance rates in Charlotte at $797 per year. This is $75 less than the average policy premium paid by North Carolina drivers of $872. Utica National, Liberty Mutual, Penn National, and GEICO are the remaining cheapest Charlotte, NC auto insurance companies.
The chart below compares rates after we give the driver from the first example an accident claim, poor credit, and a stop sign violation. Because every insurance company has their own formula for determining rates in each state, getting updated rate quotes may result in a different set of affordable Charlotte car insurance companies as shown below.
Titan now has the cheapest rate in Charlotte, NC with State Farm, Auto-Owners, National General, and Allied now being in the top five. This demonstrates why North Carolina drivers need to shop around with many companies to find cheap car insurance quotes for a Honda Accord.
Car insurance prices can be altered by many factors and can decrease or increase without notice, so the cheapest rate the last time you compared rates may now be one of the higher cost companies.
If you aren’t clear which coverage you need and would like to get help from a professional when comparing insurance rates for a Honda Accord, the agencies below can aid you in deciding which auto insurance coverages would be the best in your situation. To locate a Charlotte auto insurance agent using an interactive map, click the button following the list.
- All Points Insurance Agencies
5618 Albemarle Rd # 200 – Charlotte, NC 28212 – (980) 221-9468
- Allstate Insurance: John Rose
6853 Fairview Rd c – Charlotte, NC 28210 – (704) 366-7779
- The Hoffman Agency, LLC
2015 Ayrsley Town Blvd – Charlotte, NC 28273 – (704) 280-8585
- Johnson Insurance Management, LLC
3220 Wilkinson Boulevard Ste A3 – Charlotte, NC 28208 – (704) 394-7327