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

The odds of finding the best cheap car insurance for a Honda Accord in Mississippi is dependent upon a complex calculation that is influenced by things like annual miles driven, what you do for a living, and driving citations. Drivers on average pay approximately $890 every 12 months for Accord insurance, but that rate is a ballpark figure rating a 50-year-old married female driver who needs full coverage including both comprehensive and collision and $100 physical damage deductibles.

Most likely you are not 50 and possibly not even female, possibly single instead of married, or maybe you prefer higher deductibles. What people think is a minor change in the factors used to determine rates can precipitate large changes in the rate quoted for a Honda Accord.

Different coverage needs are the reason why the way we recommend to find cheap car insurance rates for your Honda is to just take the time to compare rates yourself. To start saving now, get free quotes and you will get price quotes from the best auto insurance companies that sell coverage in Mississippi.

Insure Your Honda for Less

The trim level of your Honda can impact the cost of coverage, so the price you will be charged to insure a Accord LX 4-Dr Sedan trim level will be $314 less than the cost to insure the higher-priced Accord EX-L 2-Dr Coupe model, as demonstrated by the prices below.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Mississippi minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Estimates do not factor in Mississippi location which can modify price quotes greatly.

Determining which companies quote the most affordable insurance rates for a Honda Accord takes a little more sweat than just quoting one company’s rates.

Every insurance company uses different criteria for filing rates in each state, so to begin we’ll rank the most affordable insurance companies in Mississippi. It’s a good idea to be aware that Mississippi insurance rates are calculated based on many things which can significantly increase or decrease the price of your policy. Simply having another birthday, increasing liability limits, or getting into an accident can produce rate changes that can cause some rates to be more affordable than before.

Find the Best Cheap Insurance for Your Accord

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USAA normally has some of the most affordable car insurance rates in Mississippi at around $815 annually. Travelers, Unitrin, Direct General, and ALFA would also be considered some of the lowest-priced Mississippi insurance companies.

In this example, if you are a policyholder with Unitrin and switched to USAA, you might realize savings of roughly $353. Customers with Direct General might save as much as $476 a year, and ALFA customers might realize rate reductions of up to $522 a year.

Understand that those policy rates are averages for all drivers and vehicles and are not factoring in a specific rate value for a Honda Accord. So the insurer that has the lowest price for you may not even be shown in the list above. That helps illustrate why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.

The diagram below shows how choosing a deductible can impact insurance premiums when getting quotes for cheap insurance for a Honda Accord. The information is based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.

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The data above shows that a 40-year-old driver could lower their policy premium by $256 a year by increasing from a $100 deductible up to a $500 deductible, or save $388 by using a $1,000 deductible. Young drivers, like the Age 20 chart data, could possibly save as much as $648 each year by selecting a higher deductible.

If you make the decision to raise deductibles, it will be required to have enough funds in savings to be able to cover the extra out-of-pocket expense, which deters some people from using high deductibles.

Accidents and violations increase rates

The best way to find the most affordable insurance rates for an Accord is to drive carefully and avoid getting tickets or having accidents. The diagram below illustrates how speeding tickets and accident claims can raise insurance premiums for each age group. The price estimates are based on a married female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and Two Accidents’],[‘Age 20’, 1833,2043,3881],[‘Age 30’, 1279,1491,3327],[‘Age 40’, 1267,1479,3315],[‘Age 50’, 1115,1323,3159],[‘Age 60’, 1061,1271,3107],[‘Age 70’, 1143,1353,3189]]);var options = {title: ‘Effect of Violations and Accidents on Mississippi Honda Accord Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a Honda Accord in Mississippi’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The data in the chart shows the average cost of car insurance in Mississippi per year with no accidents and a clean driving record is $1,283. Get one speeding ticket and the average cost hikes up to $1,493, an increase of $210 each year. Now include two accidents along with the one speeding ticket and the yearly cost of insurance for a Honda Accord increases to an average of $3,330. That’s an increase of $2,047, or $171 per month, just for not being a responsible driver!

Best cheap Honda Accord insurance quotes

There are many ways to compare cheaper insurance rates in Mississippi, but the most prevalent methods are using an independent insurance agent, an exlusive agent such as State Farm or Auto-Owners, or from a direct company like Geico or Progressive.

Each way has the same basic steps, but they are slightly different in how they provide price quotes.

Independent agencies write for multiple companies and can do rate comparisons with every one. Agents of this type have the freedom to give you more rate choices, which can give you a better overall rate comparison. If they quote lower rates, your policy can be easily switched to a different company and you stay with the same agent.

A captive or exclusive agent is only able to quote rates with a single insurance company, for example a Liberty Mutual or State Farm agent. These agents are not able to place coverage with different providers, which requires you to shop around.

Insurance from a direct company means you bypass a local agent and instead shop from a direct company like Progressive or Geico. Shopping direct can be a good choice for families who do not need advice for risk management and have some degree of understanding of what insurance covers and what it doesn’t.

So which way is best for finding the cheapest insurance for a Honda Accord in Mississippi? The majority of insurance shoppers assume that buying from a direct company yields the cheapest rates because there is no agent taking a commission, but that is generally not the case. We’d also like to say buying from an independent agent saves the most money because they can shop around, but that assumption is also not accurate. For the right applicant, exclusive agencies have extremely competitive rates that are impossible to beat.

Because of the variability of insurance rates, really the only way to buy the cheapest policy is to get rate quotes and compare. If you have the time, get prices from all three types in order to be able to find the lowest price. To see some of the cheapest online companies available, click here to view.