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Amy Beardsley is a seasoned insurance expert who’s been writing for Compare.com since 2023. She has more than 12 years of industry knowledge and expertise in auto, home, life, commercial, and other insurance products. Amy’s work has been published by Berkshire Hathaway Specialty Insurance, Legal & General, NerdWallet, Robinhood, Insurify, NEXT Insurance, and more.
Amy worked as a court administrator before becoming a content marketing writer. Her legal background has equipped her with the ability to simplify complex technical language into easy-to-understand content.
She graduated magna cum laude from Ferris State University, where she earned a Bachelor of Science in Business Administration and Legal Studies.
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Nick Versaw leads Compare.com's editorial department, where he and his team specialize in crafting helpful, easy-to-understand content about car insurance and other related topics. With nearly a decade of experience writing and editing insurance and personal finance articles, his work has helped readers discover substantial savings on necessary expenses, including insurance, transportation, health care, and more. As an award-winning writer, Nick has seen his work published in countless renowned publications, such as the Washington Post, Los Angeles Times, and U.S. News & World Report. He graduated with Latin honors from Virginia Commonwealth University, where he earned his Bachelor's Degree in Digital Journalism.
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Safeco offers the cheapest rates for Honda Accord insurance, with an average monthly premium of just $81. That’s significantly lower than the $142 per month average across all insurers for this popular sedan.
The Accord’s strong safety ratings — including a five-star overall crash test rating from the National Highway Traffic Safety Administration (NHTSA) — likely help keep these premiums competitive. But rates can vary depending on factors like your Accord’s trim level, from the base LX to the well-equipped Touring hybrid.
The average cost to insure a Honda Accord is $142 per month.
Safeco offers some of the cheapest average rates for the Honda Accord.
The Honda Accord’s high theft rate — particularly for catalytic converters — can lead to higher insurance costs.
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The average Honda Accord driver pays around $142 per month for insurance, according to Compare.com data. That said, your premiums largely depend on your coverage levels, as you’ll see in the table below. It compares liability and full-coverage rates for all Accord models and how they stack up against the national average.
Vehicle | Average Monthly Liability Premium | Average Monthly Full-Coverage Premium | Average Monthly Premium for All Policies |
|---|---|---|---|
| Honda Accord | $116 | $218 | $142 |
| All vehicles | $92 | $176 | $135 |
A typical Accord owner pays $116 monthly for liability-only coverage and $218 monthly for a full-coverage policy, according to our research. While these averages give you an idea of insurance prices, how much you pay depends on several factors.
Keep reading while we explore how age, location, driving record, and other variables can help you save on insurance premiums.
Even though the Honda Accord’s average monthly car insurance premium is $142, comparing car insurance helps lower your premiums and find more affordable coverage.
With that in mind, we’ve compiled the five cheapest Accord auto insurance companies in the table below.
Company | Average Monthly Premium |
|---|---|
| Safeco | $81 |
| Farmers | $83 |
| SafeAuto | $87 |
| Mercury | $115 |
| National General | $126 |
Safeco has the best deal for Honda Accord insurance, with average rates coming in at $81 per month, according to our research. But heads up — it might not be the best car insurance company for everyone. To make sure you’re getting the most affordable coverage, comparing quotes from at least three insurers is important.
With that in mind, let’s check out some of the best insurers for your Honda Accord based on several popular driver profiles.
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While no single “best” insurance company can meet the needs of every Honda Accord owner, some insurers stand out for their competitive rates, discounts, and coverage options. We’ve analyzed data on average premiums for the Accord and factors like available discounts, customer ratings, and policy features to round up our list of top insurers.
Average premium: $81 per month
Compare.com Rating: 4.6 out of 5
Above-average claims satisfaction
Plenty of available coverages
Highly rated telematics program
Missing common auto insurance discounts
Must go through an agent to get quotes
Telematics program not available in all states
Safeco is the top choice for Honda Accord owners looking to save some serious cash on their car insurance. The company has some of the cheapest average rates overall, and it also hooks you up with perks like accident forgiveness, claims-free cash back, and a diminishing deductible to keep even more money in your pocket.
Average premium: $83 per month
Compare.com Rating: 3.5 out of 5
Lots of discounts for teens and young drivers
Rideshare insurance available
Plenty of local agents
Not always the absolute cheapest option
Shared family car discount not available everywhere
Below-average customer service ratings
Farmers is a solid pick for young Honda Accord owners, thanks to various discounts tailored to young drivers. For starters, you can score a multi-car discount for insuring more than one vehicle. But Farmers also offers a shared family car discount if your teen doesn’t have their own ride yet.
You can save if your under-25 driver keeps a clean driving record. Farmers also has discounts for students who earn good grades or attend school at least 100 miles away.
Average premium: $134 per month
Compare.com Rating: 4.6 out of 5
Tons of coverage options
New and better car replacement perks
24/7 roadside help and claims filing
Steeper premiums than other insurers
Mixed customer reviews
Better car replacement not available in all states
For maximum coverage, Liberty Mutual is an excellent choice. You can choose from a full lineup of optional add-ons to protect your Accord, including original parts replacement, gap coverage, and rental car reimbursement. And even if you completely wreck your Accord, Liberty Mutual will upgrade your claim to match your payout to a one-year-newer model if you sign up for new-car replacement.
Your Honda Accord’s age may indirectly affect the price you pay for insurance. Generally speaking, the more your car is worth, the more it’ll cost to insure. You can expect to pay a bit more for a shiny new Accord than for an older model.
To give you a better idea, check out the table below to see the average monthly premiums for Honda Accords by model year, along with the cheapest insurer and the average monthly rate.
Accord Model Year | Average Monthly Premium | Cheapest Insurer | Cheapest Insurer’s Average Monthly Premium |
|---|---|---|---|
| 2024 | $207 | Mercury | $148 |
| 2023 | $195 | Mercury | $148 |
| 2022 | $187 | Mercury | $146 |
| 2021 | $189 | Mercury | $138 |
| 2020 | $181 | Mercury | $125 |
| 2019 | $181 | Mercury | $136 |
| 2018 | $177 | Safeco | $90 |
| 2017 | $163 | Safeco | $91 |
| 2016 | $165 | Safeco | $91 |
| 2015 | $163 | Safeco | $86 |
| 2014 | $153 | Safeco | $74 |
| 2013 and older | $127 | Farmers | $64 |
The state you call home can also influence your Honda Accord insurance rates. Insurance companies look at local factors like population density, crime rates, and even weather patterns in your area to determine the likelihood of accidents and claims.
Our research below gives you a peek at how your rate stacks up depending on where you live. It breaks down the average monthly cost of Honda Accord insurance from coast to coast.
State | Average Monthly Rate |
|---|---|
| Alabama | $138 |
| Arizona | $193 |
| Arkansas | $210 |
| California | $256 |
| Colorado | $174 |
| Connecticut | $362 |
| Delaware | $239 |
| Florida | $341 |
| Georgia | $237 |
| Hawaii | $88 |
| Idaho | $124 |
| Illinois | $159 |
| Indiana | $131 |
| Iowa | $125 |
| Kansas | $150 |
| Kentucky | $294 |
| Louisiana | $284 |
| Maine | $150 |
| Maryland | $347 |
| Michigan | $309 |
| Minnesota | $214 |
| Mississippi | $189 |
| Missouri | $209 |
| Montana | $146 |
| Nebraska | $175 |
| Nevada | $349 |
| New Hampshire | $101 |
| New Jersey | $177 |
| New Mexico | $145 |
| New York | $468 |
| North Carolina | $94 |
| North Dakota | $125 |
| Ohio | $160 |
| Oklahoma | $172 |
| Oregon | $193 |
| Pennsylvania | $224 |
| Rhode Island | $252 |
| South Carolina | $242 |
| South Dakota | $157 |
| Tennessee | $156 |
| Texas | $222 |
| Utah | $193 |
| Vermont | $103 |
| Virginia | $189 |
| Washington | $176 |
| Washington, D.C. | $268 |
| West Virginia | $149 |
| Wisconsin | $177 |
| Wyoming | $134 |
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Your age carries a lot of weight in the car insurance world. Premiums tend to skew higher for young drivers because they don’t have as much experience on the road. Among all ages, teenagers have the highest accident rate and a fatal crash rate that’s three times the rate of older drivers, according to the Centers for Disease Control and Prevention (CDC).
The breakdown in the table below shows the average monthly car insurance price for a Honda Accord for each age group, as well as the insurer offering the lowest rates and its average monthly cost.
Age Group | Average Monthly Premium | Cheapest Insurer | Cheapest Insurer’s Average Monthly Premium |
|---|---|---|---|
| Teens | $232 | Elephant | $176 |
| 20s | $168 | Farmers | $88 |
| 30s | $133 | Safeco | $81 |
| 40s | $122 | Safeco | $92 |
| 50s | $109 | Safeco | $78 |
| 60s | $105 | Safeco | $78 |
| 70s | $112 | Safeco | $77 |
Teens face the highest average monthly premium, with Elephant offering the lowest rate, at $176 per month. You’ll notice that prices drop quite a lot once you reach your 20s. And from your 30s onward, Safeco consistently takes the cake for the cheapest Honda Accord car insurance.
Driving history plays a huge role in how much you pay for auto insurance. A spotty record indicates you’re riskier to insure, causing insurers to charge higher premiums. On the flip side, a clean record can help keep your rates in check.
We gathered data for Honda Accord owners with different driving records, which you’ll see in the table below. Look at the average monthly premiums for different driving histories and check out the cheapest insurer and its average monthly rate for each category.
Driving Record | Average Monthly Premium | Cheapest Insurer | Cheapest Insurer’s Average Monthly Premium |
|---|---|---|---|
| Clean record | $142 | Safeco | $81 |
| Speeding ticket | $196 | Safeco | $133 |
| At-fault accident | $209 | Safeco | $131 |
| DUI | $251 | Liberty Mutual | $185 |
As you can see, an at-fault accident can bump up your average monthly payment, while a DUI sends it soaring. Safeco is your best option for low car insurance rates if you have a clean record, a speeding ticket, or an at-fault accident. But Liberty Mutual has the most affordable premiums after a DUI.
Your Accord comes with different features and options depending on the trim level and add-on packages you choose — and many of them can affect your car insurance costs. Here are some variables that are specific to the Honda Accord that can affect your premiums:
Theft rate: The Honda Accord is a popular target for thieves. As of 2024, the Accord is among the top three most targeted vehicles for catalytic converter theft, according to CARFAX. It was also the sixth most stolen vehicle overall in 2023.
Safety technology: Advanced safety features can reduce the risk of accidents and injuries, helping to lower insurance rates. Newer Accord models typically have more built-in safety tech than older ones, such as Honda Sensing, which became standard in 2015 and newer models.
Trim level: You often get more expensive parts and features as you move up in trim level, increasing a vehicle’s value and making it more expensive to repair. The trim level also determines your engine size. Options like turbo engines and higher horsepower can result in higher insurance costs.
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If you’re looking to save money on your Honda Accord’s insurance, here are five top tips tailored to your vehicle:
Take advantage of Accord-specific discounts: Honda Accords earn high safety ratings, and many insurers offer discounts for features like anti-lock brakes, passive restraint systems (airbags, crumple zones), and anti-theft
Choose a lower trim level: Higher trim levels — like Touring or Hybrid — come with higher-cost parts and features, raising insurance rates.
Go for the higher deductible: A higher deductible on your collision and comprehensive coverage can dramatically lower your monthly rates. But keep in mind that while your up-front cost will be cheaper, you’ll pay more if you need to file a claim.
Bundle your policies: Bundling other insurance policies — like homeowners or renters insurance — with your Accord’s auto insurance can qualify you for a multi-policy
Get multiple quotes and shop around: Rates can change over time, so it’s a good idea to compare car insurance quotes from more than one company once or twice per year.
We’ve broken down answers to some of the most common questions about insuring a Honda Accord.
It depends on your overall insurance profile. Honda Accords are generally a bit more expensive to insure compared to the national average, according to Compare.com data. You’ll likely have more expensive coverage than with some of the Accord’s direct competitors, like the Nissan Altima or Hyundai Sonata, due to the Accord’s higher MSRP.
The average cost to insure a 2024 Honda Accord is $2017 per month, according to Compare.com data. How much you pay depends on your driving history, coverage needs, and other factors.
It depends. Honda insurance rates are typically in line with the national average. While some Honda models, like the Accord, may be slightly more expensive to insure than similar models from other brands, the difference is usually not significant.
The most expensive vehicles to insure are high-end luxury vehicles and sports cars with MSRPs over $100,000. For the mainstream car buyer, the Dodge Challenger, Tesla Model 3 and Model Y, and BMW and Lexus models have the highest insurance price tags, according to our research.
Sources:
Honda, “2024 Accord Sedan Features & Specs,” accessed July 11, 2024.
Honda, “What is Honda Sensing?,” accessed July 11, 2024.
Honda, “Accord Trim Level Comparison,” accessed July 11, 2024.
Honda, “2024 Accord,” accessed July 11, 2024.
National Highway Traffic Safety Administration, “Ratings,” accessed July 11, 2024.
J.D. Power, “2023 U.S. Auto Claims Satisfaction Study,” accessed July 11, 2024.
J.D. Power, “2023 U.S. Auto Insurance Study,” accessed July 11, 2024.
Centers for Disease Control and Prevention, “Risk Factors for Teen Drivers,” accessed July 11, 2024.
CARFAX, “Catalytic Converter Theft: 10 Most Targeted Vehicles,” accessed July 11, 2024.
National Insurance Crime Bureau, “2023 Most Stolen Vehicles,” accessed July 11, 2024.
Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.
All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.
Compare.com's #1 goal is to save you money. We publish resources that are based on hard-hitting data and years of industry experience to help you make more informed decisions with your wallet.
Learn more about us, our team, and what makes us tick.
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Amy Beardsley is a seasoned insurance expert who’s been writing for Compare.com since 2023. She has more than 12 years of industry knowledge and expertise in auto, home, life, commercial, and other insurance products. Amy’s work has been published by Berkshire Hathaway Specialty Insurance, Legal & General, NerdWallet, Robinhood, Insurify, NEXT Insurance, and more.
Amy worked as a court administrator before becoming a content marketing writer. Her legal background has equipped her with the ability to simplify complex technical language into easy-to-understand content.
She graduated magna cum laude from Ferris State University, where she earned a Bachelor of Science in Business Administration and Legal Studies.
Nick Versaw leads Compare.com's editorial department, where he and his team specialize in crafting helpful, easy-to-understand content about car insurance and other related topics. With nearly a decade of experience writing and editing insurance and personal finance articles, his work has helped readers discover substantial savings on necessary expenses, including insurance, transportation, health care, and more. As an award-winning writer, Nick has seen his work published in countless renowned publications, such as the Washington Post, Los Angeles Times, and U.S. News & World Report. He graduated with Latin honors from Virginia Commonwealth University, where he earned his Bachelor's Degree in Digital Journalism.
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