Finding affordable insurance for a Honda Accord in Arizona hinges on an enormous amount of factors such as age of the vehicle, whether or not you have filed claims in the past, and citations or violations on your driving record. Drivers will pay on average $806 annually to insure their Accord, but that amount is an estimate calculated based on a 30-year-old single male driver with full physical damage coverage and $1,000 deductibles.
The issue that arises when projecting rates is that it’s very likely that you aren’t exactly 30 years old or even a male, married instead of single, or maybe you prefer to not insure for full coverage. Even a slight difference in rating criteria or coverage limits could result in a significant change in the cost of insuring your Accord.
This example demonstrates why the only real way to find affordable rates for your Honda is to do the rate comparisons yourself. Price quotes are quick and you will get price quotes from the cheapest companies that insure vehicles in Arizona.
The trim level of your vehicle impacts the yearly cost, so the price to insure a Accord LX 4-Dr Sedan will be $278 less than the cost to insure the higher-end Accord EX-L 2-Dr Coupe trim level, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accord LX 4-Dr Sedan||$142||$202||$334||$20||$100||$798||$67|
|Accord EX 4-Dr Sedan||$142||$202||$334||$20||$100||$798||$67|
|Accord LX-P 4-Dr Sedan||$142||$202||$334||$20||$100||$798||$67|
|Accord EX-L 4-Dr Sedan||$164||$246||$334||$20||$100||$864||$72|
|Accord EX 2-Dr Coupe||$164||$290||$444||$26||$132||$1,056||$88|
|Accord LX-S 2-Dr Coupe||$164||$290||$444||$26||$132||$1,056||$88|
|Accord EX-L 2-Dr Coupe||$184||$290||$444||$26||$132||$1,076||$90|
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Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Premium costs do not factor in zip code location which can revise premiums significantly.
Finding budget insurance is not the easiest thing to accomplish, and finding out which insurers offer the cheapest insurance rates for a Honda Accord will involve even more shopping around. Each insurer has a different formula for setting prices, so let’s begin by taking a look at the insurance companies that tend to have lower prices in Phoenix.
It’s important to know that Phoenix insurance rates are based on many factors which can significantly increase or decrease the cost of your policy. Improving your credit rating, having a teenage driver, or having an accident may prompt premium changes that can now make some companies cheaper in comparison to the competition.
Best Auto Insurance Prices for Your Accord
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,297|
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The Hartford normally has some of the best car insurance rates in Phoenix at around $811 a year. This is $617 less than the average price paid by Arizona drivers of $1,428. Safeco, Auto-Owners, Travelers, and USAA are also some of the cheapest Phoenix, AZ auto insurance companies.
As the example above demonstrates, if you are insured with USAA and switched to Safeco, you may realize an annual savings of around $228. Policyholders with GEICO may save as much as $235 a year, and Progressive customers might reduce rates by $256 a year.
To see how much you can save, click here to get quotes or quote prices from the following companies.
Bear in mind that those policy rates are averaged across all types of insureds and vehicles and and are not calculated with a specific zip code for a Honda Accord. So the car insurance company that has the lowest price for you may not even be in the top 28 companies shown above. That underscores the importance of why you need to compare prices as often as possible using your own specific driver and vehicle information.
The diagram below highlights how deductible choice can raise or lower yearly insurance costs when searching for cheap insurance for a Honda Accord. The data assumes a married female driver, comp and collision included, and no other discounts are factored in.
In the chart above, a 50-year-old driver could reduce rates by $206 a year by switching from a $100 deductible up to a $500 deductible, or save $310 by switching to a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, could roll back prices as much as $508 or more just by using higher deductibles. If you make the decision to raise deductibles, it will now be necessary to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense that is associated with using high deductibles.
Here’s why price comparisons are so important
Phoenix insurance rates are impacted by many things which can substantially decrease or increase the cost of having a policy. Simply having a birthday, buying higher coverage limits, or getting a driving violation may cause policy rate changes that can now make some companies cheaper than competitors. Also, insurance companies change prices every year or even multiple times each year in order to remain profitable. Higher than usual claims may cause rate increases, while less frequent claims may produce cheaper Accord insurance rates.
For example, the data below shows rates for the cheapest car insurance in Phoenix, AZ for a 40-year-old female driver with a clean driving record, no accidents, and a good credit history. If we look at prices based on her current risk factors, The Hartford quotes the most affordable car insurance rates in Phoenix at $1,184 annually. This is $244 less than the average premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, Travelers, and USAA round out the rest of the best Phoenix, AZ auto insurance companies.
In this next rate comparison, we will give the driver from the first set of rates an accident claim, a lower credit rating, and a few traffic violations. Due to the fact that every auto insurer has a unique formula to set premium rates, analyzing rate quotes could now result in a completely different list of cheap Phoenix auto insurance companies as shown below.
Ameriprise Group now has the best price on car insurance in Phoenix, AZ with GEICO, Allied, CSAA, and Safeco now being in the top five. This demonstrates why it is critical to do a thorough rate comparison when trying to find cheap auto insurance quotes for a Honda Accord.
Rates are determined by many risk factors and can decrease or increase without notice, so the best company six months ago may now be an over-priced policy.
How to find low-cost auto insurance for a Honda Accord
It is possible to find better rates, and here are a few money-saving ideas that can help Arizona drivers get lower-cost coverage.
- Vehicles with good safety ratings are usually cheaper to insure
- Do not pay for comprehensive and collision coverage on older vehicles
- Earn discounts for being claim-free
- Avoid speeding and other traffic citations and pay less
- Buying home and auto insurance together can earn discounts
- Having at-fault accidents will increase rates
- Comparison shop at least once a year
That final tip is remarkably critical, as we pointed out in the prior information. Coverage prices in Phoenix adjust often, so drivers shouldn’t be resistant to buy a policy from a new company if a better deal can be had. Loyalty to a specific company is fine, but it’s not a great idea if that dedication is costing a fortune every year. It only take a few minutes to shop around to find cheaper insurance for a Honda Accord.
If you like to have a consultation when shopping around for cheaper insurance for a Honda Accord, the insurance agencies below can help you determine which insurance coverage you need.
To find an auto insurance agency close to where you live, click the button after the list.
- Nichole Schaffer – State Farm Insurance Agent
2612 N 7th St – Phoenix, AZ 85006 – (602) 439-7000
- Lula Smith – State Farm Insurance Agent
7217 S Central Ave – Phoenix, AZ 85042 – (602) 232-0793
- Chuck Kelly – State Farm Insurance Agent
314 E Thomas Rd – Phoenix, AZ 85012 – (602) 277-5776
- Rodriguez Insurance
5720 N 27th Ave – Phoenix, AZ 85017 – (602) 242-5303
- GEICO Insurance Agent
9515 W Camelback Rd #134 – Phoenix, AZ 85037 – (602) 234-3426