Who Has the Cheapest Insurance for a Honda Accord in Alabama?

Your odds of finding the best cheap insurance for a Honda Accord in Alabama is dependent upon many rating criteria like how old the Accord is, your credit history, and if your driving record is clean. Drivers will pay on average $1,260 per year to buy insurance for a Honda Accord, but that price is based on a 40-year-old single female driver that wants comprehensive and collision coverage and $100 policy deductibles.

This brings up the issue that more than likely you may not be 40 years old (or even female), possibly married instead of single, or maybe you rent instead of own your home. There is no one cookie-cutter policy that works for everyone, so the best way to find cheap auto insurance rates for your Honda is to put in the effort to do a thorough rate comparison.

Insure Your Honda for Less

The specific trim level tends to impact price, so the price you will pay to insure a Accord LX 4-Dr Sedan will be $452 cheaper than the price to insure the higher-end Accord EX-L 2-Dr Coupe model, as shown below.

Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Alabama minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Information does not factor in vehicle location which can change rates greatly.

Determining which company offers the best auto insurance rates for a Honda Accord requires more time than just comparing a company or two. Every auto insurer has a different formula for setting prices, so we’ll take a look at the most competitive auto insurance companies in Alabama.

We do need to point out that Alabama auto insurance rates are based on many factors that may substantially change the policy premium. Improving your credit rating, buying another vehicle, or getting caught speeding can trigger changes in premium that can cause some rates to be cheaper than before.

Lowest Insurance Price Quotes for Your Accord

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Travelers has some of the cheapest car insurance rates in Alabama at around $783 each year. Cincinnati Insurance, USAA, GEICO, and Auto-Owners would also make the list of some of the cheapest Alabama insurance companies.

In this example, if you currently buy coverage from Cincinnati Insurance and switched to Travelers, you may see an annual savings of upwards of $53. Alabama drivers with USAA might save as much as $121 a year, and GEICO customers might lower prices by $267 a year.

To find out how much you can save, click here or visit several of the following companies.

Be aware that those premium estimates are averages across all drivers and vehicles in Alabama and and are not calculated with a specific rate value for a Honda Accord. So the car insurance company that fits your situation best may not even be in the chart above. That illustrates why you need to quote rates from many companies using your own driver information and specific vehicle type.

How to get discounts on Alabama insurance rates

Insurance companies that provide the cheapest insurance for a Honda Accord in Alabama may also give you premium discounts that can reduce rates by 30% or more if you are eligible to receive them. A list of auto insurance companies and a partial list of their discounts are outlined below.

The information below visualizes the comparison of premium costs with and without discounts applied to the premium. Data assumes a male driver, no tickets, no at-fault accidents, Alabama state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with multiple policy, claim-free, accident-free, safe-driver, multiple vehicle, and passive restraint discounts applied. When discounts are applied, the average amount saved each year on auto insurance for a Honda Accord is 32% or $466.

How much more does full coverage cost?

Finding the cheapest insurance for a Honda Accord in Alabama is probably important to most drivers, and an easy way to pay lower rates for insurance is to only buy liability coverage. The diagram below illustrates the comparison of insurance prices with and without full coverage. The price estimates are based on no claims or violations, $1,000 deductibles, single marital status, and no discounts are applied.

If averaged for all ages, comprehensive and collision coverage on your policy costs an additional $1,889 per year more than just buying liability only. That is a large expense which might make you wonder when is the right time to remove full coverage. There is no written rule of when to exclude physical damage coverage on your policy, but there is a broad guideline. If the annual cost of coverage is more than 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.

There are some conditions where buying only liability insurance is not advised. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not drop full coverage.

Progressive vs State Farm vs Geico vs Allstate

When comparing car insurance, four companies to definitely compare rates with are Progressive, State Farm, Geico, and Allstate. All of them have slightly different coverage options that may steer you one way or another. The table below compares some of the different options and features that are available for customers.

Cheapest Honda Accord insurance quotes

There are many ways to quote and buy auto insurance in Alabama, but the most popular are through an exlusive agent like State Farm or Allstate, an independent insurance agent, or buying direct from a company like Progressive or Geico.

They all follow the same basic process, but each is different in how they price policies.

Independent insurance agencies write business for many companies and can get rate quotes from every one. Independent agents are not employed by only one company and can give you more rates, which can help you get the best idea of how your rates compare. If they quote lower rates, you can get a different policy and you stay with the same agent.

An exclusive agent is only able to give prices for a single insurance company like an Allstate or Liberty Mutual agent. They generally cannot provide multiple price quotes, which will not provide a complete price comparison.

If you buy direct, you bypass the middleman (the agent) and instead shop direct either online or via phone. Buying direct may be a decent choice people who do not need complex risk management and have an above average understanding of the limitations of their policy.

Which way is best to find the cheapest insurance for a Honda Accord in Alabama? It would be obvious to point out buying from a direct company results in the best prices since no commissions are paid to an agent, but in reality, that is not true. A valid argument could also be made that an independent agency guarantees the lowest rates due to having more companies to select from, but again, it’s not a sure thing. And often times, exclusive agencies have really good rates that are impossible to beat.

Because there is so much variation in auto insurance prices, the only real way to get the lowest rate is to compare, compare, and compare some more. The best approach is to get quotes from all three types to get a good idea who is cheapest. For a list of auto insurance companies with low rates, click here to view.