Finding affordable coverage for a Honda Accord in Texas doesn’t take a ton of time, but it is dependent upon a lot of rating factors such as how old the vehicle is, where you live, and your policy deductibles. Drivers will pay around $1,100 a year to insure their Accord, but that figure is calculated based on a 40-year-old married female driver with both comprehensive and collision coverage and $250 deductibles.
This brings up the issue that more than likely you’re not a 40-year-old female, single instead of married, or maybe you need higher liability limits than the state minimum. Having different needs demonstrates why the best method for finding the cheapest insurance price for your Honda is to compare as many rates as you can. Comparing quotes is easy and you can get prices from the cheapest companies around.
The trim level of your Honda will be a contributing factor to the insurance rate, so the price to insure a Accord LX 4-Dr Sedan will be $390 lower than the cost to insure the more well-appointed Accord EX-L 2-Dr Coupe model, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accord LX 4-Dr Sedan | $220 | $400 | $340 | $20 | $102 | $1,082 | $90 |
| Accord EX 4-Dr Sedan | $220 | $400 | $340 | $20 | $102 | $1,082 | $90 |
| Accord LX-P 4-Dr Sedan | $220 | $400 | $340 | $20 | $102 | $1,082 | $90 |
| Accord EX-L 4-Dr Sedan | $254 | $486 | $340 | $20 | $102 | $1,202 | $100 |
| Accord EX 2-Dr Coupe | $254 | $572 | $452 | $26 | $136 | $1,440 | $120 |
| Accord LX-S 2-Dr Coupe | $254 | $572 | $452 | $26 | $136 | $1,440 | $120 |
| Accord EX-L 2-Dr Coupe | $286 | $572 | $452 | $26 | $136 | $1,472 | $123 |
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Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Price information does not factor in specific location which can raise or lower insurance rates substantially.
Lubbock car insurance company ratings
Finding the top auto insurance company can be rather challenging considering how many different insurance companies sell coverage in Texas. The company rank data displayed below could help you select which providers to look at purchasing a policy from.
These rankings are only comprised of the companies with a significant amount of written premium nationwide, so companies that may only write in Texas are not factored into the list. If you’d like to compare prices from these top insurers and more, simply click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
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Data Source: Insure.com Best Car Insurance Companies
Discounts on Lubbock insurance
Insurance companies that offer coverage for a Honda Accord may have special discounts that could potentially reduce rates by 30% or more if you meet certain criteria. Large car insurance companies and some of their more popular discounts are detailed below.
- State Farm offers discounts including Steer Clear safe driver discount, good student, student away at school, Drive Safe & Save, safe vehicle, multiple policy, and good driver.
- Esurance has discounts for multi-car, online shopper, DriveSense, anti-theft, Pac-12 alumni, emergency road assistance, and claim free.
- Progressive policyholders can earn discounts including homeowner, multi-vehicle, continuous coverage, multi-policy, good student, online signing, and online quote discount.
- Liberty Mutual may include discounts for teen driver discount, multi-car, exclusive group savings, hybrid vehicle, and new move discount.
- Auto-Owners Insurance may have discounts that include anti-lock brakes, air bags, group or association, teen driver, multiple vehicles, and safe driver.
- GEICO offers discounts for multi-policy, daytime running lights, emergency military deployment, military active duty, anti-theft, and defensive driver.
The chart below shows the difference between car insurance rates with and without discounts applied to the policy rates. The rate quotes are based on a male driver, no violations or accidents, Texas state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with claim-free, anti-theft, passive restraint, vehicle safety, safe-driver, and homeowner discounts applied. When these discounts are applied, the average amount saved each year on car insurance for a Honda Accord is 28% or $552.
The example below illustrates how your choice of deductibles can change insurance premiums when researching cheap insurance for a Honda Accord. The data assumes a married male driver, comp and collision included, and no discounts are taken into consideration.
As shown above, a 30-year-old driver could lower rates by $396 a year by switching from a $100 deductible up to a $500 deductible, or save $598 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old, could roll back prices up to $1,206 every year by using a higher deductible.
When choosing a higher deductible, it will be necessary to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
How to find low-cost auto insurance for a Honda Accord
Here are a few penny-pinching suggestions that can help Texas drivers find cheaper car insurance.
- Drop full coverage on older vehicles
- Avoid accidents
- Safe vehicles generally have lower rates
- Raise deductibles to save money
- Drivers with good credit often pay less
- Do not get traffic violations
- Compare rate quotes often
The last tip is incredibly crucial, as was stressed in the article above. Coverage prices vary greatly, so don’t be tentative to buy a different policy if a more affordable price is available. Many drivers prefer to stick with one company, but it’s not a great idea if that inflexibility results in costing you big bucks every year. It takes less than five minutes to compare rates and find cheaper auto insurance for a Honda Accord in Lubbock.