Cheapest Insurance Quotes for a Honda Accord in Florida

When writing about car insurance, the word affordable should not appear anywhere in the article. Please forgive the oxymoron, but cheap car insurance for a Honda Accord can be hard, if not impossible, to find. Don’t let that bother you, though, because we will show you how you can find auto insurance that works with your budget.

The chances of buying cheaper insurance for a Honda Accord in Florida is dependent upon lots of different rating factors such as the safety rating for your Accord, the likelihood of vehicle theft, and any prior driving citations you have received. Drivers in Florida pay an average rate of $1,270 a year for Accord insurance, but that rate is an estimation using cost data for a 40-year-old single female driver who purchased full physical damage coverage and $500 policy deductibles.

There is a high probability that you may not be 40 years old (or even female), maybe you are married instead of single, or maybe you are just looking for cheap liability insurance. Using even a minor difference in rating criteria can result in a massive change in the policy cost.

Everyone has different rating factors, so the way we recommend to find cheap auto insurance rates for your Honda is to do a thorough rate comparison.

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Your Honda’s trim level has an effect on the insurance rate, so the price you will be charged to insure a Accord LX 4-Dr Sedan trim level will be $448 cheaper than the price to insure the more expensive Accord EX-L 2-Dr Coupe trim level, as shown in the chart below.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Table data does not factor in your specific Florida location which can influence premiums substantially.

Shopping around for cost effective insurance is hard enough, and finding out which company quotes the most affordable insurance rates for a Honda Accord involves more quotes for comparison.

Each auto insurer uses their own method to establish rates, so let’s begin by taking a look at the insurance companies with the overall cheapest rates in Florida. It’s important that readers know that Florida insurance rates are calculated based on many things that will increase or decrease the cost of coverage. Improving your credit score, buying a higher-value vehicle, or getting caught speeding may prompt premium changes resulting in some rates now being more affordable than competitors.

Best Auto Insurance Prices for Your Accord

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USAA may offer some of the lowest car insurance rates in Florida at around $977 per year. Amica, Electric, Progressive, and Travelers are also some of the cheaper Florida car insurance companies.

As shown above, if you have coverage with Travelers and switched to Amica, you could earn an annual savings of about $175. Drivers with Mercury may save as much as $239 a year, and Allied insureds might lower prices by $251 a year.

It’s important to note that these policy rates are averages across all ages of drivers and types of vehicles and are not factoring in a specific rate factor for a Honda Accord. So the auto insurance company that fits your age and vehicle best may not even be shown in the rate chart shown above. That affirms the importance of why you need to compare rates from multiple companies using your own driver information and specific vehicle type.

Discounts on Florida auto insurance rates

Insurers that sell the cheapest insurance for a Honda Accord in Florida may also provide policy discounts that can lower rates by as much as 35% if you meet certain criteria. A list of companies and some of their more popular discounts are outlined below.

• Farm Bureau has savings for multi-vehicle, driver training, safe driver, multi-policy, and good student.
• State Farm policyholders can earn discounts including multiple autos, good driver, Drive Safe & Save, Steer Clear safe driver discount, and multiple policy.
• Progressive may include discounts for online quote discount, multi-vehicle, good student, homeowner, and online signing.
• Allstate may have discounts that include good student, utility vehicle, anti-theft, 55 and retired, multi-policy, good payer, and resident student.
• Nationwide offers discounts including accident-free, Farm Bureau membership, anti-theft, defensive driving, and business or organization.
• MetLife discounts include good student, multi-policy, good driver, defensive driver, and claim-free.

The diagram below shows the comparison of auto insurance costs with and without policy discounts. The data is based on a male driver, a clean driving record, no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with accident-free, passive restraint, safe-driver, multiple policy, homeowner, and vehicle safety discounts applied. When discounts are applied, the average savings per year on insurance for a Honda Accord is 28% or $543.

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Cheapest car insurance: Progressive, Geico, Allstate, or State Farm

When comparing car insurance, the four most popular companies are Progressive, Geico, Allstate, and State Farm. The following table ranks ratings for price, service, and claims, in additional to some of the optional coverages that may be available in Florida.

Cheapest Honda Accord insurance quotes

Drivers have a lot of different ways to compare insurance prices in Florida, but the most frequently used ways are using an independent or non-exclusive agent, a captive (or exclusive) agency like State Farm or Allstate, or direct online or over the phone from a company like Progressive or Geico. Each way has the same basic process, but it’s important to point out the distinctions in how they provide price quotes.

Independent insurance agents have contracts with multiple insurance companies and can quote your policy with all of them. These types of agencies are not required to write business for one company and can provide multiple price quotes, which can give you better odds of saving money. If they find a lower price, your policy is moved internally and you stay with the same agent.

Exclusive agents are only able to write business for a single company such as a Liberty Mutual or State Farm agent. Exclusive agents normally do not have the ability to place coverage with different providers, which does not give you the best rate comparison.

The last way is buying direct, which means you forego a local insurance agent and buy direct from companies such as Progressive or Esurance. Shopping for insurance direct may be the best choice drivers who have an average risk profile and have some degree of understanding of what is covered and what is not.

Which method is best for finding the cheapest insurance for a Honda Accord in Florida? The majority of people assume that buying from a direct company yields the cheapest rates because there isn’t an agent involved, but unfortunately, that is not always true. A valid argument could also be made that buying insurance from an independent agent guarantees the cheapest rates since they have more companies to choose from, but that is not accurate either. In a lot of cases, the exclusive agents have extremely competitive rates that cannot be beaten by either independent or direct companies.

Due to that fact that insurance uses so many rating variables, the guaranteed way to buy the cheapest policy is to get as many comparison quotes as possible. If you have the time, get rate quotes from all three in order to be able to find the lowest price. For a list of insurance companies with low rates, click here to view.