Best Cheap Insurance Quotes for a Honda Accord in Louisiana

The chances of finding the cheapest coverage for a Honda Accord in Louisiana depends upon many rating factors like how far you drive to work, the insurance company you are currently insured with, and blemishes on your driving record. Drivers on average will pay $1,410 per year to insure a Honda Accord, but that rate is a ballpark figure based on cost data for a 50-year-old single male driver that wants both comprehensive and collision coverage and $250 policy deductibles.

It’s highly likely that you’re not a 50-year-old male, married instead of single, or maybe you’ve had an at-fault accident or two. What people think is a minor change in the rating criteria used to formulate rates can lead to a big change in the policy cost.

Everyone has different rating factors, so your best chance at finding cheap car insurance rates for your Honda is to just take the time to compare rates yourself.

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Vehicle trim level will influence price, so the price to insure a Accord LX 4-Dr Sedan trim level will cost $504 less than the cost to insure the more expensive Accord EX-L 2-Dr Coupe model, as shown below.

Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Table data does not factor in Louisiana location which can lower or raise insurance rates substantially.

Finding decent, cost effective auto insurance is hard enough, and finding out which companies have the cheapest car insurance rates for a Honda Accord will require even more diligence. Every auto insurer has their own unique process for determining rates in each state, so we’ll go over the overall cheapest car insurance companies in Louisiana.

It’s important to understand that Louisiana car insurance rates are calculated based on many things which can substantially decrease or increase your annual premium. This is why it is so important to compare as many rates as possible when trying to get the most budget-friendly auto insurance rates for a Honda Accord. Insurance prices are influenced by many factors and change substantially, so the best company six months ago may now be wasting a lot of money.

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USAA has some of the lowest car insurance rates in Louisiana at around $1,626 a year. GEICO, MetLife, Progressive, and Safeway also are some of the cheaper Louisiana insurance companies.

As the rates illustrate above, if you have coverage with MetLife and switched to USAA, you could see an annual premium reduction of in the vicinity of $284. Customers with Progressive might save as much as $301 a year, and Safeway policyholders might reduce rates by $572 a year.

Understand that those prices are averaged across all types of insureds and vehicles and do not take into consideration a specific rating modification for a Honda Accord. So the car insurance company that fits your situation best may not even be in the rate chart shown above. That underscores the importance of why you need to get auto insurance quotes using your own driver information and specific vehicle type.

Difference between liability only and full coverage rates

Finding the best cheap insurance for a Honda Accord in Louisiana is probably important to most people, and one easy way to buy cheaper insurance is to only buy liability insurance. The illustration below illustrates the difference between auto insurance costs with and without physical damage coverage. The prices are based on no violations or claims, $500 deductibles, marital status is single, and no discounts are applied to the premium.

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If we average the cost for ages 20 through 70, full coverage on your policy costs an extra $2,958 per year more than carrying just liability coverage. At some point, every insured wonders if it’s a good idea to buy full coverage. There isn’t a steadfast formula to stop buying full coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

Discounts on the best cheap insurance for a Honda Accord in Louisiana

Insurance companies that offer quotes for a Honda Accord could also offer policy discounts that could lower prices by as much as 25% or more if you meet eligibility requirements. A list of companies and some of the discounts include:

• Progressive offers premium reductions for multi-vehicle, online quote discount, homeowner, online signing, multi-policy, and continuous coverage.
• SAFECO may have discounts that include multi-car, homeowner, bundle discounts, accident prevention training, teen safe driver, safe driver, and teen safety rewards.
• American Family has discounts for Steer into Savings, mySafetyValet, good driver, air bags, bundled insurance, and accident-free.
• MetLife includes discounts for good driver, multi-policy, good student, defensive driver, accident-free, and claim-free.
• GEICO may include discounts for good student, anti-lock brakes, daytime running lights, driver training, defensive driver, membership and employees, and emergency military deployment.
• The Hartford policyholders can earn discounts including vehicle fuel type, driver training, air bag, good student, and anti-theft.

The information below illustrates the comparison of insurance prices with and without discounts applied to the premium. The data is based on a male driver, no claims or driving violations, Louisiana state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with vehicle safety, safe-driver, homeowner, passive restraint, claim-free, and anti-theft discounts applied. When these discounts are applied to the policy premium, the average savings per year on car insurance for a Honda Accord is 28% or $674.

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State Farm vs Progressive vs Allstate vs Geico

When researching insurance for an Accord in Louisiana, four of the larger companies to compare rates for are State Farm, Progressive, Allstate, and Geico. All four can cover your vehicle for liability and physical damage, but each one has a different combination of discounts, features, and options that shoppers can choose from. The data below rates some of the different options you can expect with each one.

Cheap Honda Accord insurance quotes

Due to technology, there are many ways to find cheap car insurance in Louisiana, but the most prevalent ways are from an exclusive insurance agency such as Allstate or Auto-Owners, a non-exclusive or independent agent, or buying direct from a company like Progressive or Geico.

You can use whichever method you prefer, but they differ slightly in how they provide rate quotes.

Independent agencies have contracts with many companies and can quote your policy with all of them. Agents of this type are able to provide you with more rate quotes, which may provide you with the best chance of finding a lower price. If they find a cheaper price, it’s simple to move the policy and that require little work on your part.

Exclusive agencies are able to quote prices with just one company, two examples being Farmers Insurance or State Farm agents. These agents usually cannot provide multiple price quotes, so they are skilled at selling on more than just price.

If you choose to buy car insurance direct, you forego an agent and instead buy direct from companies such as Geico or Esurance. Shopping direct is good for people who have an average risk profile and have knowledge of what specific coverages and deductibles they need.

Out of those three methods, which one works best to find the best cheap insurance for a Honda Accord in Louisiana? Most people would assume that buying from a direct car insurance company results in the best prices because there isn’t an agent involved, but that is generally not the case. We’d also like to say using an independent agent is the best way to go since they can quote with many companies, but again, that’s not accurate. For the right applicant, exclusive agencies have extremely competitive rates that are well below what direct and independents offer.

Due to that fact that car insurance uses so many rating variables, the best method to buy the cheapest policy is to compare rate quotes from as many companies as possible. It’s a good idea to get price quotes all three ways to give yourself the best selection. For a list of companies offering online discounts in Louisiana, click here to view.