Finding competitive coverage for a Honda Accord in Texas hinges on an enormous amount of factors such as how far you drive to work, if you have a tendency to file claims, and your motor vehicle report. Drivers in Texas pay approximately $1,028 a year to insure their Accord, but that cost is an estimate calculated based on a 40-year-old single female driver with full physical damage coverage and $1,000 deductibles.
More likely than not, you are not 40 years old and maybe not even female, you might be married instead of single, or maybe you have a teenager that needs to be on your policy. Having what appears to be a very minor change in rating variables could result in a significant change in the policy cost.
This illustrates why the only real way to find the cheapest rates for your Honda is to do the rate comparisons yourself. To start saving now, get free quotes and you will get price quotes from some of the most affordable companies that sell coverage in Texas.
Your vehicle’s trim level has an effect on the yearly cost, so the cost to insure a Accord LX 4-Dr Sedan model will cost $362 less than the cost to insure the higher-priced 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||$152||$290||$422||$24||$126||$1,014||$85|
|Accord EX 4-Dr Sedan||$152||$290||$422||$24||$126||$1,014||$85|
|Accord LX-P 4-Dr Sedan||$152||$290||$422||$24||$126||$1,014||$85|
|Accord EX-L 4-Dr Sedan||$174||$352||$422||$24||$126||$1,098||$92|
|Accord EX 2-Dr Coupe||$174||$416||$560||$34||$168||$1,352||$113|
|Accord LX-S 2-Dr Coupe||$174||$416||$560||$34||$168||$1,352||$113|
|Accord EX-L 2-Dr Coupe||$198||$416||$560||$34||$168||$1,376||$115|
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Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Rate information does not factor in specific location information which can change rates noticeably.
Locating budget auto insurance is not easy, and determining which company offers the best insurance rates for a Honda Accord may require more quotes for comparison. Every insurance company uses a slightly different approach for determining rates in each state, so first let’s look at the rankings for the insurance companies with the overall cheapest rates in Texas.
It’s important to understand that Corpus Christi, TX insurance rates are determined by lots of factors that will increase or decrease the price of your policy. Price variation is why it is crucial to shop around to find the most economical insurance quotes for a Honda Accord. Prices consist of many things and can change substantially, so the best price three years ago may now be one of the higher cost companies.
Find the Best Cheap Insurance for Your Accord
Travelers normally has some of the best car insurance rates in Corpus Christi at around $1,010 each year. This is $894 less than the average premium paid by Texas drivers of $1,904. USAA, Germania Mutual, Texas Farm Bureau, and California Casualty are also some of the cheapest Corpus Christi, TX insurance companies.
As shown above, if you are a customer of USAA and switched to Travelers, you might achieve annual savings of approximately $74. Texas drivers with Germania Mutual could save as much as $234 a year, and Texas Farm Bureau policyholders might cut rates by $237 a year.
Understand that those policy rates are averaged for all drivers and vehicles and and are not figured with a specific location for a Honda Accord. So the insurer that fits your situation best may not even be in the list above. That emphasizes why you need to get car insurance quotes using your own specific driver information and vehicle.
Price comparison of only insuring for liability
Saving on insurance is important to most people, and a good way to pay lower rates for insurance for a Honda Accord is to only buy liability coverage. The chart below compares annual premium costs with full physical damage coverage compared to only buying liability only. The premiums assume a clean driving record, no claims, $250 deductibles, drivers are single, and no discounts are taken into consideration.
If all age groups are averaged, physical damage insurance costs an extra $2,671 per year more than just buying liability only. At some point, about every driver wonders if physical damage coverage is worth the money. There is no written rule to stop buying physical damage coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then it may be the right time to buy liability only.
For example, let’s assume your vehicle’s replacement value is $11,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $10,000 after the deductible is paid. If you are paying over $1,000 annually for full coverage, then it’s probably a good time to buy liability coverage only.
Responsible drivers pay cheaper Corpus Christi insurance rates
In a perfect world, the ideal way to receive cheap insurance prices in Texas for an Accord is to drive safe and avoid traffic citations and accidents. The chart below shows how traffic citations and at-fault claims raise annual premium costs for different age groups. The data is based on a single male driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.
The data charted above shows the average cost of an auto insurance policy in Corpus Christi per year with no violations or accidents is $2,922. Receive one speeding ticket and the average cost rises to $3,293, an increase of $371 each year. Now add one accident along with the one speeding ticket and the yearly cost of insurance for a Honda Accord increases to an average of $4,352. That’s an increase of $1,430, or $119 per month, just for being a little careless behind the wheel!
Discounts on Corpus Christi auto insurance
Auto insurance companies that offer quotes for a Honda Accord may provide price discounts that can lower rates by 30% or more if you are eligible. A list of insurance companies and a summarized list of policyholder discounts are:
- Travelers has savings for good student, save driver, payment discounts, home ownership, and early quote.
- 21st Century offers discounts for theft prevention, anti-lock brakes, homeowners, student driver, 55 and older, and automatic seat belts.
- State Farm may include discounts for Steer Clear safe driver discount, driver’s education, student away at school, good driver, and anti-theft.
- GEICO may offer discounts for seat belt use, emergency military deployment, air bags, daytime running lights, multi-policy, and five-year accident-free.
- SAFECO may have discounts that include homeowner, teen safe driver, multi-car, safe driver, and accident prevention training.
- AAA offers premium reductions for good student, anti-theft, AAA membership discount, good driver, and multi-policy.
The illustration below visualizes the comparison of insurance costs with and without some available policy discounts. The rate quotes are based on a female driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple vehicle, defensive driving course, accident-free, passive restraint, safe-driver, and anti-theft discounts applied. In this example, theamount saved on insurance for a Honda Accord is 28% or $425.