Best Cheap Insurance for a Honda Accord in Michigan

Our staff writers always rib each other than when writing about auto insurance, the word cheap really shouldn’t be used as a descriptor for auto insurance rates. It’s just reality that cheap auto insurance for a Honda Accord does not exist. But don’t despair, because we will show you how you can still find insurance that won’t break your budget.

Whether or not you can find the cheapest coverage for a Honda Accord in Michigan relies on many factors such as how many miles you drive each year, whether you have good credit, and if you have any chargeable driving offenses. Drivers in Michigan pay an average of $2,310 per year for Accord insurance, but that rate is that rates a 40-year-old single male that wants full coverage and $250 physical damage deductibles.

More likely than not, you are not 40 years old and maybe not even male, maybe you are married instead of single, or maybe your Accord doesn’t need comprehensive and collision coverage. Making minor changes in policy rating data can make a huge difference in how much insurance for a Honda Accord costs.

There is no “one size fits all” policy, so the only real way to find affordable rates for your Honda is to make a habit of comparing rates at every renewal. It only takes a few minutes and you will receive rate quotes from top-rated companies in Michigan.

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Your Honda’s trim level can impact the coverage cost, so the rate you will pay to insure a Accord LX 4-Dr Sedan model will be $820 lower than the price to insure the more expensive Accord EX-L 2-Dr Coupe model, as shown in the table below.

Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Michigan minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Price information does not factor in zip code location which can raise or lower price quotes greatly.

Selecting the top company is difficult considering how many different insurance companies sell coverage in Michigan. The company rank data in the next section can help you pick which insurers you want to consider comparing rates with.

The rankings below only include the largest auto insurers in America, so companies without a large exposure are not included in the list. If you’d like to compare prices from many more Michigan auto insurance companies, click here.

The chart below demonstrates how deductibles can change insurance rates when getting quotes for cheap insurance for a Honda Accord. The data is based on a single female driver, comp and collision included, and no discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 6091,5559,4975,4423],[‘Age 30’, 4249,3863,3421,2997],[‘Age 40’, 3927,3575,3177,2795],[‘Age 50’, 3435,3129,2779,2443],[‘Age 60’, 3317,3021,2685,2365],[‘Age 70’, 3845,3511,3137,2785]]);var options = {title: ‘Impact of Deductibles on Honda Accord Insurance Rates in Michigan’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Honda Accord’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

A 30-year-old driver could lower their policy premium by $750 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $1,132 by choosing a $1,000 deductible. Even younger drivers, such as the Age 20 example, could save $1,668 every year by using higher deductibles when buying full coverage. When raising deductibles, it will be important to have spare funds to offset the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Discount Michigan auto insurance

Insurance providers that offer the best cheap insurance for a Honda Accord in Michigan could also offer special discounts that can lower rates by 35% or more if you meet specific eligibility requirements. Popular car insurance companies and their offered discounts include:

The information below illustrates the comparison of car insurance costs with and without discounts applied to the rates. The rate quotes are based on a female driver, a clean driving record, no at-fault accidents, Michigan state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with multiple vehicle, multiple policy, vehicle safety, marriage, homeowner, and passive restraint discounts applied. When discounts are applied, the the amount saved on car insurance for a Honda Accord is 35% or $703.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 4567,3279],[‘Age 30’, 3119,2253],[‘Age 40’, 2903,2099],[‘Age 50’, 2539,1835],[‘Age 60’, 2455,1773],[‘Age 70’, 2879,2071]]);var options = {title: ‘Effect of Discounts on Insurance Price for a Honda Accord’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Insurance Cost for a Honda Accord’,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(‘qcibdisc’));chart.draw(data, options);}

Which auto insurance company is best?

When shopping for insurance for an Accord in Michigan, some of the first companies to look at are Progressive, Geico, Allstate, and State Farm. The table below rates ratings and policy coverage options you can expect with each one.