What Insurance is Cheapest for a Honda Accord in Tampa?

Buying affordable coverage for a Honda Accord is fairly easy, but it relies on lots of different factors such as whether you are married or single, whether you are claim-free, and your motor vehicle report. Drivers pay around $1,387 a year for Accord insurance, but that price is using a 50-year-old single male driver with full coverage and $100 deductibles.

There’s a high likelihood you’re not a 50-year-old male, married instead of single, or maybe you just want liability only. Auto insurance is unique to each driver, so the only real way to find the most affordable coverage for your Honda is to do a thorough rate comparison. To cut your rates now, get a free quote and you can get prices from the best auto insurance companies that insure Honda vehicles in Florida.

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The trim level of your Honda will influence the cost of coverage, so the rate you pay to insure a Accord LX 4-Dr Sedan will be $498 less expensive the cost to insure the high end Accord EX-L 2-Dr Coupe trim level, as shown in the chart below.

Honda Accord Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $268 $548 $400 $24 $120 $1,360 $113
Accord EX 4-Dr Sedan $268 $548 $400 $24 $120 $1,360 $113
Accord LX-P 4-Dr Sedan $268 $548 $400 $24 $120 $1,360 $113
Accord EX-L 4-Dr Sedan $308 $668 $400 $24 $120 $1,520 $127
Accord EX 2-Dr Coupe $308 $786 $532 $32 $160 $1,818 $152
Accord LX-S 2-Dr Coupe $308 $786 $532 $32 $160 $1,818 $152
Accord EX-L 2-Dr Coupe $348 $786 $532 $32 $160 $1,858 $155
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Premium amounts do not factor in specific zip code location which can raise or lower premiums substantially.

Best car insurance company in Florida

Finding the best insurer is difficult considering how many choices drivers have in Florida. The ranking information listed below may help you analyze which coverage providers you want to consider when looking for cheaper rates. These ratings only include companies with a nationwide focus, so companies that focus mainly on Florida business are not factored into the list.

Best 15 Car Insurance Companies for a Honda Accord in Florida
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
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
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Data Source: Insure.com Best Car Insurance Companies

The illustration below shows how choosing a deductible can affect annual premium costs when quoting cheap insurance for a Honda Accord. The premium estimates are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.

The chart above illustrates that a 30-year-old driver could pocket $320 a year by changing from a $100 deductible up to a $500 deductible, or save $486 by selecting a $1,000 deductible. Young drivers, such as the 20-year-old example, could potentially save as much as $966 annually by choosing larger deductibles on their policy.

If you do decide to increase your deductibles, it is essential to have plenty of discretionary funds to be able to cover the extra out-of-pocket expense associated with higher deductibles.

How to get discounts on Tampa auto insurance

Save on car insurance for an Accord in TampaInsurance companies that provide policies for a Honda Accord may additionally offer premium discounts that could reduce prices by as much as 25% or more if you are eligible to receive them. The best car insurance companies and some of the discounts include:

The example below compares insurance costs with and without discounts. The data assumes a male driver, a clean driving record, no claims, Florida state minimum liability limits, full physical damage coverage, and $100 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with vehicle safety, homeowner, claim-free, marriage, multiple vehicle, and accident-free discounts applied. When discounts are applied, theaverage amount saved on car insurance for a Honda Accord is 28% or $659.

Rate difference between full and liability-only coverage

Buying cheaper car insurance should be important to the majority of people, and a good way to lower the cost of insurance for a Honda Accord is to only buy liability coverage. The information below compares insurance costs when comparing full coverage to liability only. The rate quotes are based on a clean driving record, no claims, $1,000 deductibles, drivers are not married, and no discounts are factored in.

If averaged out across all ages, full coverage on your policy costs $1,747 per year over having just liability coverage. That is a big expense that brings up the question if it’s worth it to buy full coverage. There is no set guideline for excluding full coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let’s say your vehicle’s claim settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $6,000 after the deductible is paid. If you are paying more than $600 annually for full coverage, then you may need to consider dropping full coverage.

There are some conditions where dropping physical damage coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.

The agents shown below can help you make a decision which coverage fits your budget, since some people prefer to have the advice of a professional agent when comparing insurance rates for an Accord. It can be complicated to find the best rates on your own, so getting advice from a licensed Florida insurance agent can add satisfaction knowing you have adequate coverage when you need it most.

To find an auto insurance agency near you, click the button at the bottom of the list.

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