Cheapest Insurance Quotes for a Honda Accord in Iowa

Because the topic is auto insurance, the word affordable should not be used anywhere in the article as a descriptor for car insurance rates. The fact is, cheap car insurance for a Honda Accord is not always easy to find. We’ll try to make it up to you, because we are going to tell you how you can still find insurance that is cheaper than what you have now.

Finding the best cheap car insurance for a Honda Accord in Iowa depends upon a large number of rating criteria like how old you are, the likelihood of your vehicle being stolen, and violations on your driving record. Drivers pay an average of $560 each year to insure their Accord, but that price is a projection that uses rate data for a 50-year-old married female driver that purchased both comprehensive and collision coverage and $500 physical damage deductibles.

But there is a high probability that you are not 50 and possibly not even female, maybe you are single instead of married, or maybe you prefer liability limits higher than required by Iowa state law. Each driver has unique rating factors, so the best way to quote the cheapest insurance price for your Honda is to make a habit of comparing prices at least once a year.

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The trim level of your Honda impacts the yearly cost, so the price you pay to insure a Accord LX 4-Dr Sedan will be $196 less than the insurance cost for the fancier Accord EX-L 2-Dr Coupe version, as shown in the table below.

Prices based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Iowa minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Table data does not factor in vehicle location which can affect insurance rates noticeably.

Comparing rates for cost effective auto insurance is not the easiest thing to do, and finding out which companies offer the most affordable car insurance rates for a Honda Accord will involve even more diligence. Each insurance company uses a little different formula for filing rates in each state, so to begin we’ll rank the lowest cost car insurance companies in Iowa.

It’s important to understand that Iowa car insurance rates are impacted by many things that can increase the cost of having a policy. This price fluctuation is why it is crucial to perform an extensive rate comparison when trying to find the cheapest auto insurance rates for a Honda Accord. Insurance rates are made up of many risk factors and change dramatically, so the most economical company the last time you compared rates may now not even be in the top five.

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USAA has some of the cheapest car insurance rates in Iowa at around $690 a year. Partners Mutual, Western National, Allied, and Hastings Mutual also qualify as some of the more affordable Iowa insurance companies.

As shown above, if you are a policyholder with Partners Mutual and switched to USAA, you might see yearly savings of in the vicinity of $8. Insureds with Western National could save as much as $87 a year, and Allied policyholders might lower prices by up to $97 a year.

Be aware that those rates are averaged for all insureds and vehicles and and are not figured with a specific rate factor for a Honda Accord. So the insurer that can offer you the lowest price may not even be in the rate chart shown above. That is why you need to get auto insurance quotes using your own driver and vehicle profiles.

Impact of violations and accidents on rates in Iowa

The common sense way to snag the cheapest insurance for a Honda Accord in Iowa is to be a safe driver and avoid accidents and violations. The information below demonstrates how citations and at-fault accidents drive up premium costs for different age categories. The data assumes a single male driver, full coverage, $100 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 One Accident’],[‘Age 20’, 2747,2943,3511],[‘Age 30’, 1419,1615,2185],[‘Age 40’, 1413,1613,2179],[‘Age 50’, 1285,1483,2049],[‘Age 60’, 1241,1437,2005],[‘Age 70’, 1491,1689,2257]]);var options = {title: ‘Impact of Tickets and Accidents on Iowa 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 Iowa’,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 chart shows that the average cost of car insurance in Iowa per year with no violations or accidents is $1,599. Receive one speeding ticket and the average cost increases to $1,797, an increase of $197 each year. Then throw in one accident along with the one speeding ticket and the annual cost of car insurance for a Honda Accord goes up to an average of $2,364. That’s an increase of $765, or $64 per month, just for not keeping your driving record clean!

Price comparison of only insuring for liability

Finding the cheapest insurance for a Honda Accord in Iowa is the goal of the majority of people, and one easy way to buy cheaper insurance is to not buy comprehensive and collision coverage. The illustration below visualizes the comparison of car insurance rates with full physical damage coverage compared to only buying liability only. The rates are based on no tickets, no at-fault accidents, $100 deductibles, drivers are not married, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 2455,763],[‘Age 30’, 1281,423],[‘Age 40’, 1269,393],[‘Age 50’, 1153,369],[‘Age 60’, 1115,363],[‘Age 70’, 1347,481]]);var options = {title: ‘Comparison of Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Honda Accord in Iowa’,minValue: 0,format: ‘$###,###’},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);}

As an average, physical damage insurance costs an additional $1,437 per year more than carrying just liability coverage. Many drivers may wonder if buying full coverage is a waste of money. There is no definitive rule to exclude physical damage coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s assume your vehicle’s book value is $7,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $6,000 after paying your policy deductible. If it’s costing in excess of $600 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

There are some circumstances where buying only liability insurance is not in your best interest. If you haven’t paid off your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

Tips for buying the cheapest auto insurance for a Honda Accord

The list below summarizes some of the recommended money-saving ideas that can help you buy the cheapest car insurance.

• Vehicles with good safety ratings are usually cheaper to insure
• Do not pay for full coverage on older vehicles
• Bundle home and auto and earn a discount
• Drivers with good credit often pay less
• At-fault accidents can raise rates significantly
• Compare rates often to find the best deal

The last tip in the list is particularly crucial, as was affirmed in this piece. Auto insurance prices can be modified anytime, so don’t be afraid to switch to a new company if a better deal can be had.

Brand loyalty is not necessarily bad, but we do not recommend it if that stubbornness costs you major coinage every year. In less than five minutes you could compare rates and find cheaper auto insurance for a Honda Accord.

Who has the cheapest Honda Accord insurance quotes?

There are many different ways to purchase car insurance in Iowa, but the most common ways are using an exclusive insurance agent like Auto-Owners or State Farm, an independent insurance agent, or direct either online or via phone. Each way is similar, but they are slightly different in how they price policies.

Independent agents can place your business with multiple companies and can get rate quotes from each one. These agents are not employed by only one company and can quote rates with many companies, which may give you more bang for your buck. If they quote lower rates, they simply switch companies in-house which makes it simple for you.

An agent who is captive is only able to quote rates with one insurance company, a couple examples are an Auto-Owners or Allstate agent. They generally cannot provide other companys’ prices, so unless you get quotes from other companies, you cannot determine which is cheapest.

Consumers who buy car insurance direct forego an agent and instead buy buying direct from a company like Progressive or Geico. Shopping for car insurance direct may be a decent choice families who do not need complex risk management and understand what coverages, limits, and deductibles they need.

So out of those three methods, which one works best for finding the cheapest insurance for a Honda Accord in Iowa? Most people assume that buying from a direct company saves money because you bypass the agent, but that is generally not the case. A good argument could also be made that using an independent agent is the best way to save because they can quote many companies, but that assumption is also not accurate. In a lot of cases, exclusive agencies have extremely competitive rates that are the cheapest.

Due to the fact that car insurance rates vary so much, really the only way to buy the cheapest coverage is to get rate quotes and compare. To find the best rates, be sure to get prices from all three to have a good selection of rates to choose from. For a list of companies offering online discounts in Iowa, click here to view.