- Honda Accord car insurance ratesaverage $1,782 per year, $891 for a 6-month policy, or $149 per month depending on trim level.
- ÖCheapest Honda Accord model to insureIt's the hybrid for about $1,650 a year, or about $138 a month.
- Ifcompared to other mid-size cars, the 2023 Honda Accord is one of the cheapest to insure at an average of $18 less per year.
- Insurance for a used Honda Accordcould save you $598 or more each year on the cost of buying a new device.
How much does Honda Accord insurance cost?
Insurance under a 2023 settlement costs an average of $1,782 per year or $149 per month. The Accord's insurance costs a little less than the median estimate for 2023 midsize sedans, which is $1,800.
Compared to all 2023 models, not just the midsize sedan segment, the Honda Accord costs 6.4% less to meet the national median price for 2023 model year vehicles of $1,900 per year.
The chart below illustrates how average Accord auto insurance rates change based on driver age and policy deductibles. Prices shown are for an annual policy and range from $1,346 per year for a 60 year old driver with a $1,000 deductible to a top cost of $4,156 per year for a 20 year old driver with a flat $250 deductible.
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Chart data details:The chart shows the average cost of insurance for a 2023 Honda Accord with driver's insurance and no claims bonuses applied. Prices are for comprehensive insurance and are averages for all US states and all Honda Accord trim levels.Data last updated on March 2, 2023
| age of the driver | Franchise | annual costs | Monthly charges |
|---|---|---|---|
| 20 | 1.000 $ | $ 3.006 | 251 $ |
| 500 $ | 3.564 $ | 297 $ | |
| 250 $ | $4.156 | 346 $ | |
| 30 | 1.000 $ | 1.572 $ | 131 $ |
| 500 $ | 1.882 $ | 157 $ | |
| 250 $ | $2.206 | 184 $ | |
| 40 | 1.000 $ | 1.498 $ | 125 $ |
| 500 $ | 1.782 $ | 149 $ | |
| 250 $ | 2.080 $ | 173 $ | |
| 50 | 1.000 $ | 1.368 $ | 114 $ |
| 500 $ | 1.624 $ | 135 $ | |
| 250 $ | 1.892 $ | 158 $ | |
| 60 | 1.000 $ | 1.346 $ | 112 $ |
| 500 $ | 1.596 $ | 133 $ | |
| 250 $ | 1.860 $ | 155 $ |
Two important conclusions can be drawn from these data. The first is the fact thatIt is more expensive to insure younger drivers.
In this example, the 20-year-old can expect to pay about $1,780 more per year than the average 40-year-old driver when comparing policies with a $500 excess.
The second point illustrated by the data is the fact thatUsing a lower deductible on your car insurance will cost you significantly morethan have a higher deductible.
Using the 40-year-old driver as an example, a low-deductible $250 policy for a 2023 Honda Accord averages $2,080 per year. A policy with a $1,000 deductible costs an average of $1,498 per year.That's a savings of $582 per year when you choose a higher deductible.
Honda Accord insurance cost per coverage
Put simply, car insurance basically consists of four different types of coverage: All Risk, Collision, Civil and Medical Liability or PIP (Personal Accident Protection).
Comprehensive coverage covers things like hail or fire damage, collision damage if you hit a tree or mailbox, third party insurance covers injury to other people or their vehicles, and medical insurance covers injuries you or other occupants of your vehicle injure .
The table below shows how each of these coverages of a typical Honda Accord insurance policy compares to the average 2023 vehicle.
| insurance coverage | honda deal 2023 | Average of all vehicles in 2023 | Difference |
|---|---|---|---|
| Understanding | $416 | 468 $ | -11,8% |
| collision | 836 $ | 886 $ | -5,8% |
| Responsibility | 372 $ | 382 $ | -2,7% |
| With/PIP Others | 158 $ | 164 $ | -3,7% |
| Total cost of the policy | 1.782 $ | 1.900 $ | -6,4% |
below average costabove average cost
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Table data details:Average rates are based on the 2023 model year where the qualifying driver is a 40-year-old married male with a clean, accident-free driving record. The complaint-free and safe driving discounts are applied to fares averaged across all vehicle trim levels. Personal injury deductibles for full coverage are $500, liability limits are $100,000 per person and $300,000 per accident, and rates are state averages.Data last updated on March 2, 2023
From this data, you can see that the Accord 2023 is cheaper to insure than the average 2023 model for all policy coverages, especially Collision Damage Waiver coverage.
One of the best ways to pay less for auto insurance is to bundle it with your home insurance whenever possible. This can save you an average of $196 per year when insuring a 2023 Honda Accord.Top ten discounts on Honda Accord insurance.
Additional factors that may affect the price you pay
With so many factors at play in car insurance rates, we've broken down some of them to illustrate how different profiles and lifestyle choices can make significant differences in the cost you pay to insure your Honda Accord.
- Expect to pay a lot for high-risk insurance.For a 50-year-old driver, the requirement to purchase a high-risk policy can increase rates by $2,118 or more per year. High-risk insurance is typically only required after serious crimes such as DWI/DUI, driving with a driver's license or insurance, or multiple-culpable accidents.
- The gender of the driver affects the rates.For a 2023 Honda Accord, a 20-year-old male pays about $3,564 per year, while a 20-year-old female driver pays $2,632, a difference of $932 per year. At this age, women receive significantly cheaper tariffs, as men tend to be more aggressive and risk-tolerant. But at age 50, the cost for a male driver is $1,624 and the fare for a woman is $1,592, a difference of just $32.
- Avoiding accidents saves money.Occasional accidents increase insurance rates, potentially by an additional $2,520 per year for a 20-year-old driver and up to $580 per year for a 50-year-old driver.
- Save money by qualifying for policy discounts.Discounts may be available if policyholders drive a vehicle with security or anti-theft features, have no claims, belong to certain professional organizations, insure their home and car with the same company, or many other policy discounts that can save the average driver as much as $300 per year.
- Receive a discount on the occupancy of your choice.Some auto insurers offer discounts on policies for specific occupations, such as B. college professors, architects, doctors, military personnel, scientists, farmers and other professions. If you can apply this discount to your policy, you could save anywhere from $53 to $178 in annual insurance costs, depending on the age of the tested driver.
- Accord insurance for young drivers is expensive.Average rates for Accord Full Coverage insurance are $6,402 per year for a 16-year-old driver, $5,996 per year for a 17-year-old driver, and $5,606 per year for an 18-year-old driver.
What is the cheapest insurance offer?
Since Honda Accord car insurance costs average between $1,650 and $1,936 per year, the hybrid model is the cheapest insurance model. The next cheapest trim level to insure is the LX at $1,706 per year.
The average monthly cost of Honda Accord insurance ranges from $138 to $161 depending on trim level. So plan on about this amount per month for fully comprehensive insurance. However, this amount varies depending on where you live.
For higher trim levels, the three most expensive Honda Accord models to insure are the Hybrid Touring, EX-L and Touring trim levels, estimated at $1,838, $1,846 and $1,936 per year, respectively.
The table below shows the average Honda Accord insurance rates, including a monthly budget amount, for each trim level available for the 2023 model year.
| Honda Accord trim level | Annual Policy | Six Month Policy | Per month |
|---|---|---|---|
| Hybrid | 1.650 $ | 825 $ | 138 $ |
| LX | 1.706 $ | 853 $ | 142 $ |
| hybrids Sport | 1.730 $ | 865 $ | 144 $ |
| deport | 1.764 $ | 882 $ | 147 $ |
| Hybrid EX-L | 1.784 $ | 892 $ | 149 $ |
| Sports special edition | 1.800 $ | 900 $ | 150 $ |
| hybrid tourism | 1.838 $ | 919 $ | 153 $ |
| EX-L | 1.846 $ | 923 $ | 154 $ |
| on tour | 1.936 $ | 968 $ | 161 $ |
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Table data details:Average prices are for a 2023 Honda Accord, a 40-year-old married male driver with a clean driving record and no accidents. The Safe Driving and No Accident Discounts are applied to the policy premium. The physical damage deductible is $500 and the rates are average for all US states.Data last updated on March 2, 2023
We recommend comparing rates from at least five different car insurers to find the best price for Honda Accord insurance. Please include several large companies (Progressive, GEICO, etc.) as well as smaller companies in your area.
How much does it cost to insure a used Honda Accord?
Insuring a 2013 Accord instead of a new 2023 model can save you about $590 or more each year. A 2017 model would save about $310 in insurance costs over a newer model.
The table below shows the average Accord insurance costs for the 2013 through 2023 model years and for different age groups of drivers. The average cost of the policy ranges from $1,060 per year for a qualifying 60-year-old driver in a 2013 Honda Accord to the most expensive rate of $3,564 for a qualifying 20-year-old driver in a 2023 Honda Accord.
| Year of manufacture and vehicle | Driver 20 years | 40 year old driver | Driver 60 years |
|---|---|---|---|
| honda deal 2023 | 3.564 $ | 1.782 $ | 1.596 $ |
| Honda Accord 2022 | 3.458 $ | 1.726 $ | 1.548 $ |
| 2021 Honda Accord | 3.306 $ | 1.652 $ | 1.480 $ |
| 2020 Honda Accord | 3.264 $ | 1.630 $ | 1.462 $ |
| honda accord 2019 | 3.154 $ | 1.574 $ | 1.414 $ |
| honda accord 2018 | 3.066 $ | 1.530 $ | 1.372 $ |
| honda accord 2017 | 2.918 $ | 1.464 $ | 1.310 $ |
| honda deal 2016 | 2.872 $ | 1.442 $ | 1.292 $ |
| honda deal 2015 | 2.534 $ | 1.282 $ | 1.146 $ |
| honda deal 2014 | 2.468 $ | 1.240 $ | 1.114 $ |
| honda deal 2013 | 2.348 $ | 1.184 $ | $ 1.060 |
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Table data details:The average rates for each age group of drivers apply for a period of 12 months and assume a clean driving record and no culpable accidents. The comprehensive property damage deductible is $500 and the rates are averages for all US states.Data last updated on March 2, 2023
Eventually, as the vehicle ages, it will make sense to remove all risks or collisions, or both, from the insurance policy. As vehicles age and lose value due to depreciation, the added cost of protecting against physical damage begins to outweigh the benefits.
Vehicle ages beyond the scope of the table above may be candidates for full coverage cancellation. Eliminating collision and collision damage waiver can save you about $630 per year, depending on the amount of the excess and the age of the driver.
How do I compare the cost of Honda Accord insurance?
Compared to other midsize cars, the Accord costs $104 more per year than the Toyota Camry, $100 less than the Nissan Altima, $22 less than the Tesla Model 3, and $66 more than the Chevrolet Malibu.
The Honda Accord ranks fifth out of a total of 11 vehicles in the midsize car segment for 2023 for auto insurance affordability. Accord costs an average of $1,782 per year for comprehensive insurance and the average rate per class is $1,800 per year, a difference of $18 per year.
The chart below shows the average Accord auto insurance rate compared to other popular midsize cars in 2023. The average 2023 Accord rate is shown in orange, while the average rate for the segment is shown in dark blue.
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Chart data details:Average rates are based on 2023 models and assume a 40-year-old male driver, married, with a clean driving record and no accidents. The safe driving and no claims discounts are applied to the insurance premium charged for all trim levels of each model. The physical damage deductible is $500 and the rates are average for all US states.Data last updated on March 2, 2023
| classification | make and model | insurance costs | Difference |
|---|---|---|---|
| 1 | Subaru legado | 1.626 $ | -$ 156 |
| 2 | Toyota Camry | 1.678 $ | -$ 104 |
| 3 | Let's k5 | 1.702 $ | - 80 $ |
| 4 | Chevrolet Malibu | 1.716 $ | - 66 $ |
| 5 | Honda Accord | 1.782 $ | -- |
| 6 | Korona toyota | 1.792 $ | $ 10 |
| Average midsize car in 2023 | 1.800 $ | $ 18 | |
| 7 | Tesla-Modell 3 | 1.804 $ | $22 |
| 8 | Volkswagen Arteon | 1.850 $ | $ 68 |
| 9 | nissan altima | 1.882 $ | 100 $ |
| 10 | Hyundai-Sonate | 1.966 $ | 184 $ |
| 11 | kia stachel | 1.998 $ | $216 |
To view a table that ranks and compares all 11 models in the mid-size sedan segment of 2023, simply click on the table button in the lower left corner of the table.
Certainly compared to similarly priced models
By calculating the sticker price, we can find out how insurance costs compare between the Accord and other models with similar average MSRPs. The 2023 Accord has an average sticker price of $31,964, before destination fees and dealer fees.
The closest priced vehicles to the Accord for the 2023 model year are the Hyundai Sonata, Toyota Camry, Subaru Legacy and Nissan Altima. The list below shows how these models compare to the Honda Accord by purchase price and insurance cost. see oursCost comparison index pagefor additional comparisons of Accord as well as many other makes and models.
- Honda Accord x Hyundai Sonata- With an average MSRP of $30,856 and a range of $24,950 to $35,700, the Hyundai Sonata is $1,108 below the average price of the Honda Accord. Comprehensive insurance for the Hyundai Sonata costs an average of $184 more per year than the Honda Accord.
- Honda Accord x Toyota Camry- With an average MSRP of $30,845 ($25,945-$36,870), the 2023 Toyota Camry is $1,119 less than the average cost of the Honda Accord. Drivers can expect to pay an average of $104 less per year to insure a Toyota Camry compared to an Accord.
- Honda Accord vs Legacy Subaru- With an average MSRP of $30,825 and a range of $24,395 to $37,695, the Subaru Legacy is $1,139 less than the Honda Accord's MSRP. Insurance for the Subaru Legacy averages $156 less per year than the Honda Accord.
- Honda Accord x Nissan Altima- With an average price of $29,490 and a range of $25,290 to $34,990, the 2023 Nissan Altima costs $2,474 less than the average cost of the Honda Accord. Expect to pay an average of $100 more each year for comprehensive insurance for the Nissan Altima compared to an Accord.
Honda Accord youth car insurance rates
The Honda Accord has always been a solid choice for teenagers. Its reliability and safety make it a good choice for younger drivers, and insurance costs are affordable.
Regardless of the type of vehicle you choose, car insurance is always more expensive for youth than for older drivers. Teens are easily distracted behind the wheel and haven't had the experience that only comes with time and age.
However, the table below shows the average Honda Accord car insurance rates for teenage drivers aged 16-19. Tariffs are split for male and female drivers as tariffs differ significantly depending on gender. Prices range from as low as $4,520 upholds a 19-year-old womandriver to a maximum of $6,402 per personinsure a 16-year-old driver.
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Chart data details:Youth driver rates apply to a 2023 Honda Accord with a $500 personal injury deductible. Rates are averaged across all US states and all trim levels of the Honda Accord.Data last updated on March 2, 2023
| Gender | Driver 16 years | 17 years | 18 years | 19 years |
|---|---|---|---|---|
| Macho | 6.402 $ | 5.996 $ | 5.606 $ | 5.080 $ |
| Feminine | 5.634 $ | 5.324 $ | 4.866 $ | 4.520 $ |
As the chart above shows, car insurance rates are highest for 16-year-old drivers and are decreasing slightly every year. Honda Accord insurance for a 17-year-old driver averages $5,324 for women and $5,996 for men. Insuring an 18-year-old Honda Accord would cost an average of $5,324 for women and $5,996 for men.
Please note that these prices are for a new 2023 Honda Accord and prices tend to decrease as the vehicle ages. Read the following section on liability insurance to get an idea of how you can reduce the cost of Honda Accord youth car insurance.
Full coverage vs. cost of liability insurance only
The youth driver rates in the table above are for a Honda Accord 2023 with full coverage, which simply means the insurance will cover claims such as hail damage, collisions and vehicle theft.
A great way to reduce insurance costs not just for teenage drivers but for drivers of all ages is to buy an older Honda Accord model and insure it for third party liability only. This offers the necessary liability protection, but saves money because you don't have to pay for comprehensive and fully comprehensive insurance.
The table below compares the cost of Honda Accord car insurance with comprehensive insurance to the cost of insurance with third party liability only.
| model year of the vehicle | comprehensive insurance | liability insurance |
|---|---|---|
| honda deal 2012 | 1.148 $ | 550 $ |
| honda deal 2011 | 1.100 $ | 546 $ |
| honda deal 2010 | $ 1.060 | 542 $ |
| honda deal 2009 | $ 1.016 | 538 $ |
| honda deal 2008 | 968 $ | 528 $ |
| honda deal 2007 | 928 $ | 520 $ |
| 2006 Honda Accord | 918 $ | 516 $ |
| honda deal 2005 | 898 $ | 510 $ |
| honda deal 2004 | 868 $ | $506 |
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Table data details:Average insurance rates for each Honda Accord model year assume a 40-year-old married driver with a clean driving record and no fault-related accidents. Claim-free and secure driver discounts apply to premium values. The comprehensive property damage deductible is $500 and the rates are averages for all US states.Data last updated on March 2, 2023
One thing to keep in mind when purchasing liability-only insurance is that you are not covered in the event of an accident or incident that physically damages your vehicle. So if you don't have the financial means to replace the vehicle, stopping property damage coverage altogether may not be the best idea.
Make sure you get the discounts you deserve.
Qualifying for policy discounts is one of the best ways to get cheaper Honda Accord insurance. All companies offer discounts, but some offer more choices than others.
We've rounded up the top ten discounts by average savings and each of the top US insurers.
| Discount policy | Large companies offering this discount | average economy |
|---|---|---|
| Good driverSavings from 10% to 30% | Allstate, American Family, Farmer, GEICO, Liberty Mutual, Statewide, Progressive, State Farm, Traveler | 249 $ |
| Bundling multiple policiesSavings from 1% to 17% | Allstate, American Family, Farmer, GEICO, Liberty Mutual, Statewide, Progressive, State Farm, Traveler, USAA | 196 $ |
| usage basedSave up to 30% | Allstate, American Family, Esurance, Farmers, GEICO, Liberty Mutual, Nationwide, Progressive, Safeco, State Farm, Reisende, USAA | 166 $ |
| security featuresSavings from 3% to 20% | American Family, Farmer, GEICO, Liberty Mutual, State Farm | 141 $ |
| drive defensivelySavings of 5% to 10% | AAA, Allstate, American Family, Farmers, GEICO, Liberty Mutual, Statewide, State Farm, Travelers, USAA | 134 $ |
| MilitarySavings from 5% to 15% | Alfa, American Family, Direct General, Farmers, GEICO, Liberty Mutual, Shelter, USAA | 125 $ |
| pay the full amountSavings of 5% to 10% | Allstate, Statewide, Progressive, State Farm, Travelers | 112 $ |
| different vehiclesSavings from 4% to 15% | Allstate, Farmers, GEICO, Liberty Mutual, Statewide, State Farm, Progressive, Travelers, USAA | 107 $ |
| Student absent from schoolSavings of 4% to 25% | Allstate, American Family, Farmer, GEICO, Liberty Mutual, Statewide, Progressive, State Farm, Traveler, USAA | 103 $ |
| Good studentSavings from 3% to 20% | Allstate, American Family, Farmer, GEICO, Liberty Mutual, Statewide, Progressive, State Farm, Traveler, USAA | 93 $ |
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Table data details:Average savings are based on a 2023 Honda Accord with a 40 year old driver, clean driving record and no accidents. The Collision Damage Waiver deductible is $500 and the rates represent the state average. The discounted savings vary by company, and not all companies offer all discounts.Data last updated on February 12, 2023
Please note that this is not an exhaustive list of companies offering these discounts. There are many smaller insurance companies that may also offer some or all of the discounts listed above. But for this article, we're mainly going to focus on the larger carriers.
In addition, each company can apply discounts to different coverages. For example, if you take a defensive driving course, you may only be entitled to a discount on the specific premiums charged for collision and/or liability insurance and not the full insurance premium.
That makes sense when you think about it, because being a better driver doesn't affect the frequency or severity of large-scale damage like hail or flooding.
We strongly recommend that you ask your agent or customer service representative if you are receiving all the discounts you deserve. It's an easy way to reduce the cost of insuring your Honda Accord.