Best Cheap Insurance for a Honda Accord in Illinois

The chances of buying cheaper auto insurance for a Honda Accord in Illinois hinges on a whole bunch of factors like whether the vehicle is new, whether or not you have had gaps between policies, and your motor vehicle report. Illinois drivers will pay around $850 a year to buy insurance for a Honda Accord, but that amount is calculated based on a 50-year-old single female driver who purchased comprehensive and collision coverage and $100 physical damage deductibles.

More than likely, you’re not a 50-year-old female, married instead of single, or maybe you live in a different area as the quoted rates. Making minor changes in policy rating data can make a huge difference in the cost of a policy.

Every driver has a different risk profile, so your best chance at finding cheap car insurance rates for your Honda is to make a habit of comparing prices at least once a year. In just a couple of minutes you will receive price comparisons from top-rated companies in Illinois.

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Your Honda’s trim level tends to have a direct impact on price, so the rate you pay to insure a Accord LX 4-Dr Sedan model will cost $306 less than the price to insure the higher-end Accord EX-L 2-Dr Coupe trim level, as demonstrated by the prices below.

Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Illinois minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Price information does not factor in Illinois location which can decrease or increase premium rates noticeably.

Trying to find low-cost car insurance is not the easiest thing to do, and figuring out which companies offer the most affordable insurance rates for a Honda Accord requires even more shopping around. Each auto insurance company uses their own formula to set their prices, so we’ll go over the overall cheapest insurance companies in Illinois.

It’s a good idea to know that Illinois insurance rates are based on many factors that control the price you have to pay for coverage. Price variation is why Illinois drivers need to compare rates when trying to find the best car insurance rates for a Honda Accord. Insurance prices can be altered by many risk factors and can change without notice, so the cheapest option two years ago may now be quite expensive.

Best Car Insurance Prices for Your Accord

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google.charts.setOnLoadCallback(drawILT5qcibChart);function drawILT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘The Hartford’, 776, ‘#FF5733’], [‘Rockford Mutual’, 847, ‘#D4482A’], [‘Titan’, 860, ‘#B03C23’], [‘Erie’, 905, ‘#92321D’], [‘Cincinnati Insurance’, 924, ‘#792918’]]);var options = {title: ‘Top Five Cheapest Car Insurance Companies in Illinois’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1024,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

The Hartford generally has some of the most affordable car insurance rates in Illinois at around $776 each year. Rockford Mutual, Titan, Erie, and Cincinnati Insurance also qualify as some of the more affordable Illinois car insurance companies.

As depicted above, if you are a customer of Erie and switched to Rockford Mutual, you could see yearly savings of approxmiately $58. Policyholders with Cincinnati Insurance could save as much as $77 a year, and USAA customers might lower prices by $103 a year.

To find the best cheap insurance for a Honda Accord in Illinois for your vehicle, click here to get a free quote or visit any of the low-priced companies below.

Bear in mind that those policy rates are averaged for all drivers and vehicles and do not take into consideration a specific rate factor for a Honda Accord. So the auto insurance company that is best suited for you may not even be featured in the rate chart shown above. That illustrates why you need to compare as many prices as possible using your own driver and vehicle profiles.

Liability-only versus full coverage

Finding the best cheap insurance for a Honda Accord in Illinois should be important to the majority of drivers, and one good way to buy cheaper insurance is to buy liability only. The illustration below compares car insurance costs with full phyical damage coverage and with liability coverage only. The premiums assume no claims or violations, $500 deductibles, single status, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $500 Deductibles’, ‘Liability Only’],[‘Age 20’, 2099,797],[‘Age 30’, 1109,441],[‘Age 40’, 1085,409],[‘Age 50’, 993,385],[‘Age 60’, 961,379],[‘Age 70’, 1179,503]]);var options = {title: ‘Price Comparison of Full Coverage Versus Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Honda Accord in Illinois’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

As an average, physical damage coverage costs an extra $1,238 per year more than just buying liability insurance. That proposes the question when is the right time to remove full coverage. There isn’t a steadfast formula that is best for determining when to drop full coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is more than about 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.

Why you should compare rates

Illinois insurance rates are calculated based on many things which can substantially decrease or increase the price of coverage. Getting older, having a teenage driver, or getting a couple of tickets can trigger changes in premium that may make certain companies affordable when they were higher priced. Not only may your risk profile change, but auto insurance companies change their prices as often as every three months in order to remain profitable. Heavier than normal losses may cause higher prices, while a lower level of claims can cause cheaper Accord insurance rates.

For instance, the graph below demonstrates which company has the cheapest car insurance in Illinois for a 35-year-old male driver with no prior claims, no tickets, and good credit. If we look at prices based on his current situation, The Hartford offers the lowest car insurance rates in Illinois at $753 annually. This is $596 less than the average policy premium paid by Illinois drivers of $1,349. Rockford Mutual, Titan, Erie, and Cincinnati Insurance also make the list of the cheapest Illinois auto insurance companies.

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The example below compares rates after we give the driver from above a chargeable accident, a lower credit rating, and a blemish on his driving record. Due to the fact that every auto insurer has a different process for filing rates in each state, getting updated rate quotes could result in a substantially altered list of affordable Illinois car insurance companies as shown below.

google.charts.setOnLoadCallback(drawILWcqcibChart);function drawILWcqcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘Utica National’, 1082.4, ‘#C76400’],[‘USAA’, 1086.8, ‘#A55300’],[‘Travelers’, 1089, ‘#894500’],[‘State Farm’, 1102.2, ‘#723900’],[‘Auto-Owners’, 1136.3, ‘#5F2F00’]]);var options = {title: ‘Car Insurance Rates with Claims and Violations’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 300,’chartArea’:{left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1236.3,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibwc’));chart.draw(view, options);}

Utica National now has the best auto insurance rate in Illinois with USAA, Travelers, State Farm, and Auto-Owners also being competitive. This shows why it is critical to perform a complete rate comparison to find the lowest auto insurance rates for a Honda Accord.

Prices are made up of many factors and can change substantially, so the best price the last time you checked may now not even be in the top five.

Find the best cheap insurance for a Honda Accord in Illinois

Lowering your rates is not difficult, and here are a few thrifty ideas that can help you quote the cheapest auto insurance.

• Avoid accidents
• Clean up your credit rating
• Drop full coverage on older vehicles
• Safer vehicles cost less to insure
• Insure your home and auto with the same company
• Compare rates and switch if you can find a better deal

That last tip is certainly vital, as was pointed out in this piece. Prices go up and down frequently, so drivers shouldn’t be resistant to change to a new company if a more affordable price is available. Brand loyalty is great, but is isn’t recommended if that devotedness results in you overpaying hundreds every year. Now is a great time to compare rates and find cheaper auto insurance for a Honda Accord.