Best Cheap Insurance Quotes for a Honda Accord in New Jersey

When writing about auto insurance, the words cheap or affordable should never appear anywhere to describe car insurance prices. It’s just reality that cheap auto insurance for a Honda Accord can be hard, if not impossible, to find. But don’t despair, because there may be ways you can find and buy car insurance that you can afford.

The odds of finding cheap auto insurance for a Honda Accord in New Jersey depends upon many rating criteria like annual vehicle mileage, your credit score, and your choice of deductibles. New Jersey drivers pay an average of $1,490 each year for Accord insurance, but that policy rate is an approximation calculated using a 40-year-old married male driver who purchased full coverage and $100 deductibles.

But there is a high probability that you are not 40 and possibly not even male, possibly single instead of married, and maybe you want higher deductibles. There is no one cookie-cutter policy that works for everyone, so the most reliable way to find cheap insurance rates for your Honda is to shop your policy around at every renewal.

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The trim level of your vehicle can impact price, so the price you will be charged to insure a Accord LX 4-Dr Sedan will be $534 less than the insurance cost for the more well-appointed Accord EX-L 2-Dr Coupe trim level, as shown in the table below.

Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Information does not factor in specific New Jersey garaging location which can influence coverage prices greatly.

Determining which companies offer the most affordable insurance rates for a Honda Accord may require a little more work in order to find coverage that fits your buget. Every insurance provider uses their own calculation to establish rates, so let’s examine the most budget-friendly insurance companies in New Jersey.

Best Cheap Insurance Rates for Your Accord

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21st Century may offer some of the cheapest car insurance rates in New Jersey at around $1,100 per year. Travelers, New Jersey Manufacturers, Penn National, and Palisades would also be considered some of the best New Jersey auto insurance companies.

In the above rates, if you are insured with New Jersey Manufacturers and switched to 21st Century, you may see an annual savings of approxmiately $197. Drivers with Penn National may save as much as $238 a year, and Palisades customers might reduce rates by $295 a year.

Be aware that those rates are averages for all insureds and vehicles and are not factoring in a specific rate factor for a Honda Accord. So the company that has the lowest price for you may not even be in the list of companies above. That illustrates why you need to get car insurance quotes using your own specific driver information and vehicle.

Discounts on the best cheap insurance for a Honda Accord in New Jersey

Insurance companies that provide policies for a Honda Accord may also offer price discounts that could potentially reduce rates by 35% or more if you meet the requirements. A few popular companies and their offered discounts are outlined below.

• Farm Bureau policyholders can earn discounts including multi-policy, renewal discount, good student, youthful driver, 55 and retired, multi-vehicle, and driver training.
• Liberty Mutual has discounts for teen driver discount, multi-car, new graduate, safety features, newly married, exclusive group savings, and multi-policy.
• State Farm offers discounts including accident-free, Drive Safe & Save, driver’s education, passive restraint, and safe vehicle.
• Auto-Owners Insurance offers premium reductions for anti-theft, paperless, safe vehicle, student away at school, and paid in full.
• GEICO may have discounts that include anti-theft, multi-policy, driver training, air bags, military active duty, and emergency military deployment.
• SAFECO includes discounts for teen safe driver, accident prevention training, homeowner, safe driver, drive less, anti-lock brakes, and teen safety rewards.

The information below visualizes the comparison of premium costs with and without some available policy discounts. The information is based on a female driver, no accidents or driving violations, New Jersey state minimum liability limits, comp and collision included, and $250 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second shows the rates with multiple policy, marriage, defensive driving course, passive restraint, homeowner, and claim-free discounts applied. In this example, the the amount saved on insurance for a Honda Accord is 28% or $902.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 4801,3451],[‘Age 30’, 3307,2395],[‘Age 40’, 3069,2221],[‘Age 50’, 2683,1941],[‘Age 60’, 2593,1877],[‘Age 70’, 3027,2181]]);var options = {title: ‘Effect of Discounts on Insurance Rates 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 in New Jersey’,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);}

The chart below illustrates how choosing a deductible can change insurance costs when searching for cheap insurance for a Honda Accord. The data assumes a married female driver, full coverage, 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’,’$1,000 Deductible’],[‘Age 20’, 4035,3691,3305,2937],[‘Age 30’, 2815,2567,2283,2015],[‘Age 40’, 2789,2545,2273,2015],[‘Age 50’, 2443,2235,1999,1777],[‘Age 60’, 2323,2123,1899,1683],[‘Age 70’, 2523,2305,2069,1843]]);var options = {title: ‘Impact of Higher Deductibles on Honda Accord Insurance Rates in New Jersey’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Honda Accord’,minValue: 0,format: ‘$###,###’},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);}

As shown above, a 30-year-old driver could pocket $516 a year by changing from a $100 deductible to a $500 deductible, or save $774 by changing to a $1,000 deductible. Even younger drivers, like the 20-year-old, could reduce their rates up to $1,098 each year by using higher deductibles when buying full coverage.

When increasing deductibles, it will now be necessary to have enough spare savings to be able to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.

How to find more affordable car insurance for a Honda Accord

Below you’ll find some of the recommended penny-pinching ideas that can help drivers quote more affordable coverage.

• Avoid having at-fault accidents
• Do not file small claims
• Violations and traffic tickets increase rates
• Safer vehicles cost less to insure
• Drivers with good credit ratings often pay less
• Ensure you have the best deal by shopping around regularly

That last idea is notably valuable, as was stressed in the article above. Rates in New Jersey change constantly, so drivers shouldn’t hesitate to buy from a new company if a better deal can be had. Staying with the same company for years is fine, but it’s not recommended if that stubbornness costs you thousands of dollars over several years. Take a couple minutes and shop around to find cheaper insurance for a Honda Accord.

Who has the cheapest Honda Accord insurance quotes?

There are many different ways to comparison shop for insurance in New Jersey, but the most popular ways are from an exclusive agency like State Farm or Auto-Owners, an independent agent, or direct from companies such as Geico or Progressive. Each way is similar, but they are slightly different in how they give price quotes.

Independent insurance agents have contracts with many companies and can compare rates with every one. Agents of this type do not work for one specific company and can quote rates with many companies, which can give you improved odds of finding cheaper coverage. If your agent finds a cheaper company, you can get a different policy which prevents you from having to find an new insurance agent.

An exclusive ageny is restricted to a single insurance company like an Auto-Owners or State Farm agent. These agents usually cannot shop your coverage around, so if the price isn’t competitive there isn’t much they can do.

Buying direct means you bypass a local agent and buy from a direct company like Geico. This option may be a decent choice people who have little risk and have an above average understanding of how insurance works.

When shopping for insurance, which way works best to find the best cheap insurance for a Honda Accord in New Jersey? Most people would assume that buying direct results in the cheapest rates because there is no agent involved, but that is not always the case. We’d also like to say buying insurance from an independent agent results in the best rates due to having more companies to select from, but again, it’s not necessarily true. And sometimes, the exclusive agents have coverage prices that are the cheapest in New Jersey.

Because there is so much variation in insurance prices, the one way to find out which one is cheapest is to obtain price quotes and compare them. We recommend you get price quotes all three ways to have the best rate selection. For a list of companies with cheap rates in New Jersey, click here to view.