Who Has Cheap Insurance for a Honda Accord in Arkansas?

Finding affordable car insurance for a Honda Accord in Arkansas hinges on a lot of rating criteria such as the mileage of your daily commute, if you currently have coverage, and your policy deductibles. Drivers in Arkansas pay on average $780 annually to buy insurance for a Honda Accord, but that cost is an estimation based on cost data for a 50-year-old married male who needs full coverage and $500 deductibles.

Most likely you are not 50 years old and maybe not even male, you might be single instead of married, or maybe you need higher liability limits than the state minimum. This demonstrates why the best way to find cheap car insurance rates for your Honda is to shop your policy around at every renewal.

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The specific model of Accord tends to have a direct impact on the cost of insurance, so the price you will be charged to insure a Accord LX 4-Dr Sedan will be $278 cheaper than the cost to insure the more expensive Accord EX-L 2-Dr Coupe model, as shown in the prices below.

Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Arkansas minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Rate information does not factor in garaging location in Arkansas which can influence auto insurance rates significantly.

Shopping around for affordable insurance is not the easiest thing to do, and finding out which company offers the best car insurance rates for a Honda Accord will take a bit more work.

Each auto insurer uses their own calculation for filing rates in each state, so let’s take a look at the most affordable car insurance companies in Arkansas.

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USAA normally has some of the best car insurance rates in Arkansas at around $981 per year. Auto Club, Travelers, Southern Farm Bureau, and State Farm are also some of the best Arkansas auto insurance companies.

As shown in the rates above, if you currently have coverage with Southern Farm Bureau and switched to Auto Club, you could realize annual savings of upwards of $184. Insureds with State Farm might save as much as $206 a year, and Farmers policyholders might realize rate reductions of up to $285 a year.

Bear in mind that those prices are averages across all types of insureds and vehicles and and are not figured with a specific rate value for a Honda Accord. So the insurer that can offer you the best rate may not even be shown in the above rate chart. That underscores the importance of why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.

Full coverage versus liability-only

Finding cheap insurance for a Honda Accord in Arkansas is probably important to the majority of vehicle owners, and one of the easiest ways to buy cheap insurance is to only buy liability coverage. The example below compares premium costs with full coverage compared to only the Arkansas minimum liability coverage. The information is based on no accidents, no driving violations, $1,000 deductibles, single status, and no policy discounts are applied.

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As an average, full coverage costs an additional $1,899 per year more than insuring for liability only. That may make you wonder if it’s worth it to buy full coverage. There is no clear-cut rule of when to exclude physical damage coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost minus the deductible, then you might consider buying liability only.

How to find budget-friendly insurance for a Honda Accord

Below you’ll find some money-saving ideas that can help Arkansas drivers buy cheap coverage.

• If possible, do not file small claims
• Get cheaper liability coverage by choosing a safer vehicle
• Do not get traffic tickets
• Pay cheaper rates with good credit scores
• Prevent rate increases by staying accident-free
• Compare prices as often as possible

That last tip is highly vital, as we stressed in this piece. Auto insurance prices adjust frequently, so don’t be afraid to change to a new company if a better rate can be found.

Sticking with a specific company is fine, but it isn’t a good idea if that dedication is costing thousands of dollars over the life of your policy. In less than five minutes you could compare rates to find cheaper insurance for a Honda Accord.