How Much Does Insurance Cost for a Honda Accord in Pennsylvania?

Since we’re writing about car insurance, the word affordable really shouldn’t be used anywhere in the article to describe car insurance prices. Forgive the oxymoron, but cheap auto insurance for a Honda Accord can be extremely hard to find. Don’t let that discourage you, because there may be ways you can quote car insurance that is more affordable than your current policy.

The likelihood of finding the cheapest car insurance for a Honda Accord in Pennsylvania is contingent on a whole bunch of rating criteria such as miles driven annually, if you have ever let your coverage lapse, and whether or not you are a good driver. Drivers in Pennsylvania on average pay approximately $1,020 each year to insure an Accord, but that rate is an estimate based on cost data for a 40-year-old married male driver that purchased comprehensive and collision coverage and $100 physical damage deductibles.

But there is a good chance that you are not exactly 40 years old and possibly not even male, maybe you are single instead of married, or maybe you have a teenager that needs to be on your policy. Just a slight change in the rating input factors may result in a big change in the cost of insuring your Accord.

Every driver has a different risk profile, so the best method for finding cheap insurance prices for your Honda is to comparison shop your policy at each renewal.

Find Cheaper Honda Accord Insurance

The specific model of Accord tends to impact the coverage cost, so the rate you pay to insure a Accord LX 4-Dr Sedan model will cost $362 less than the cost to insure the more expensive Accord EX-L 2-Dr Coupe trim level, as shown in the chart below.

Table data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Prices do not factor in specific location information which can decrease or increase coverage prices considerably.

Buying coverage from the highest-rated car insurance company can be rather challenging considering how many choices drivers have in Pennsylvania. The ranking information shown below could help you decide which insurers to look at comparing rates from.

The rankings below only include the companies with a significant amount of written premium nationwide, so smaller companies are not taken into consideration for these rankings. If you would like to check rates and find cheaper insurance for a Honda Accord, just click here.

How careless driving impacts Pennsylvania insurance rates

In a perfect world, the best way to receive the cheapest insurance rates for an Accord is to be a careful driver and avoid tickets and accidents. The information below demonstrates how traffic citations and at-fault claims can drive up insurance costs for each different age group. The costs are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.

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The data above shows the average cost of an auto insurance policy in Pennsylvania per year with no accidents and a clean driving record is $1,179. Add in one speeding ticket and the average cost surges to $1,355, an increase of $177 each year. Then throw in two accidents along with the one speeding ticket and the yearly cost of insurance for a Honda Accord increases to an average of $3,024. That’s an increase of $1,846, or $154 per month, just for not paying attention while driving!

Liability-only versus full coverage

Finding cheap insurance for a Honda Accord in Pennsylvania is probably important to most drivers, and one good way to lower the cost of insurance is to buy only liability coverage. The illustration below shows the comparison of yearly insurance costs with full physical damage coverage compared to only buying liability only. The information is based on no accidents or driving violations, $250 deductibles, marital status is single, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $250 Deductibles’, ‘Liability Only’],[‘Age 20’, 3977,1319],[‘Age 30’, 2043,723],[‘Age 40’, 2025,671],[‘Age 50’, 1845,627],[‘Age 60’, 1787,617],[‘Age 70’, 2187,825]]);var options = {title: ‘Full Coverage Compared to Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Honda Accord in Pennsylvania’,minValue: 0,format: ‘$###,###’},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);}

If the expense is averaged for all age categories, comp and collision coverage costs $2,311 per year more than buying just liability insurance. That proposes the question if it’s a good idea to buy full coverage. There is no definitive rule that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let’s assume your vehicle’s claim settlement value is $12,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $11,000 after the policy deductible has been paid. If premiums are more than $1,100 a year for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are a few situations where eliminating full coverage is not advised. If you still owe a portion of the original loan, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not buy liability only.

Which auto insurance company is best?

If you want reliable auto insurance, the companies with the most market share are Progressive, Allstate, Geico, and State Farm. The table below compares and contrasts some of the ratings and options you can buy with each company.