Buying the best cheap auto insurance for a Honda Accord in Indiana hinges on a lot of different factors such as how many miles you drive each year, if you have a tendency to file claims, and driving citations. Drivers pay around $890 a year for Accord insurance, but that cost is a valuation using a 40-year-old married female driver with both comprehensive and collision coverage and $100 deductibles.
Odds are that you’re not a 40-year-old female, you might be single instead of married, or maybe you rent instead of own your home. Car insurance coverage is unique to each driver, so this is why the best method for finding cheap insurance prices for your Honda is to do a thorough rate comparison.
Your vehicle’s trim level can impact the yearly cost, so the price you will be charged to insure a Accord LX 4-Dr Sedan model will cost $318 less than the cost to insure the more expensive Accord EX-L 2-Dr Coupe trim level, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Accord LX 4-Dr Sedan | $182 | $352 | $250 | $14 | $76 | $874 | $73 |
| Accord EX 4-Dr Sedan | $182 | $352 | $250 | $14 | $76 | $874 | $73 |
| Accord LX-P 4-Dr Sedan | $182 | $352 | $250 | $14 | $76 | $874 | $73 |
| Accord EX-L 4-Dr Sedan | $208 | $428 | $250 | $14 | $76 | $976 | $81 |
| Accord EX 2-Dr Coupe | $208 | $504 | $334 | $20 | $100 | $1,166 | $97 |
| Accord LX-S 2-Dr Coupe | $208 | $504 | $334 | $20 | $100 | $1,166 | $97 |
| Accord EX-L 2-Dr Coupe | $234 | $504 | $334 | $20 | $100 | $1,192 | $99 |
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Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Estimates do not factor in specific location information which can affect coverage rates substantially.
Finding reliable, low-priced insurance is not most people’s favorite thing to do, and deciding which company offers the cheapest car insurance rates for a Honda Accord involves even more shopping around. Every insurance provider has their own unique process for establishing rates, so we’ll go over the most affordable car insurance companies in Fort Wayne.
Find Cheaper Car Insurance for Your Accord
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $596 |
| 2 | USAA | $661 |
| 3 | Cincinnati Insurance | $678 |
| 4 | Erie | $733 |
| 5 | Indiana Farmers Mutual | $841 |
| 6 | Western Reserve | $846 |
| 7 | Auto-Owners | $888 |
| 8 | The Hartford | $889 |
| 9 | State Farm | $957 |
| 10 | Nationwide | $958 |
| 11 | Utica National | $965 |
| 12 | Hastings Mutual | $973 |
| 13 | Motorists Mutual | $996 |
| 14 | Safeco | $1,003 |
| 15 | Farmers | $1,022 |
| 16 | Westfield | $1,061 |
| 17 | State Auto | $1,087 |
| 18 | Wolverine Mutual | $1,105 |
| 19 | Progressive | $1,128 |
| 20 | GEICO | $1,133 |
| Find Your Rate Go | ||
Travelers quotes some of the cheapest car insurance rates in Fort Wayne at around $596 a year. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual also rank well as some of the most economical Fort Wayne, IN insurance companies.
As the rates illustrate above, if you buy coverage from USAA and switched to Travelers, you might achieve an annual premium reduction of upwards of $65. Customers with Cincinnati Insurance may save as much as $82 a year, and Erie customers might realize rate reductions of up to $137 a year.
To find the cheapest coverage for you, click here to begin a quote or quote rates from the companies below.
Remember that these policy rates are averaged across all types of insureds and vehicles and do not take into consideration a vehicle location for a Honda Accord. So the car insurance company that can offer the best rates for your situation may not even be in the list above. 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.
The example below illustrates how choosing a deductible can affect insurance premiums when trying to find cheap insurance for a Honda Accord. The information is based on a married male driver, full physical damage coverage, and no discounts are applied.
The data above shows that a 40-year-old driver could save $272 a year by switching from a $100 deductible up to a $500 deductible, or save $412 by changing to a $1,000 deductible. Young drivers, such as the Age 20 example, could shave up to $912 each year just by choosing higher deductibles when buying full coverage. When insureds make the decision to increase the deductibles on their policy, it will now be necessary to have enough in a savings account to be able to cover the extra out-of-pocket expense, which deters some people from using high deductibles.
Do you need full coverage?
Saving money when shopping for car insurance should be important to the majority of people, and one of the easiest ways to lower the cost of insurance for a Honda Accord is to buy only liability coverage. The example below compares insurance prices when comparing full coverage to liability only. The information is based on no claims, a clean driving record, $250 deductibles, drivers are not married, and no additional discounts are factored in.
Averaged for all age groups, full coverage on your policy costs $1,975 per year more than insuring for liability only. At some point, every insured wonders if paying for full coverage is a waste of money. There is no set rule to delete physical damage insurance, but there is a general guideline you can use. If the annual cost of coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
For example, let’s assume your vehicle’s settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $7,000 after the policy deductible has been paid. If you are paying over $700 a year to have full coverage, then it may be the right time to buy liability only.
How to find low-cost insurance for a Honda Accord
Below you’ll find many money-saving solutions that can help drivers find cheap car insurance.
- Get cheaper liability coverage by choosing a safer vehicle
- Too many claims can make car insurance unaffordable
- Just one traffic violation will increase your rates
- Higher credit scores can equal lower rates
- Do not get into accidents
- Shop around once a year for cheaper rates
The last item on the list is extremely important, as we discussed in this article. Coverage rates in Fort Wayne can be adjusted at any time, so drivers shouldn’t be resistant to change to a new company if a cheaper rate is available. Brand loyalty is not necessarily bad, but it’s not a good idea if that loyalty ends up costing hundreds of dollars a year. In less than five minutes you could shop around and find cheaper insurance for a Honda Accord.
The agents shown below can aid you in deciding which insurance coverage will be best for you, since many people would rather have the advice of a professional agent when trying to find lower insurance rates for a Honda Accord. It can be time-consuming to find the cheapest car insurance policy, and professional agents can provide you comfort knowing you have enough coverage if you have a claim. To find a Fort Wayne insurance agent close to where you live, click the button after the list.
- W.C. Starks – State Farm Insurance Agent
3818 S Calhoun St – Fort Wayne, IN 46807 – (260) 744-4357 - Stoller-Dunham Insurance Agency
6058 E State Blvd – Fort Wayne, IN 46815 – (260) 749-4970 - Real Estate Agents Health Insurance Direct
8411 Clinton Park Dr – Fort Wayne, IN 46825 – (855) 343-7344 - Larry Ice II – State Farm Insurance Agent
6221 Maplecrest Rd – Fort Wayne, IN 46835 – (260) 484-8572 - Terry Anderson – State Farm Insurance Agent
5668 St Joe Rd – Fort Wayne, IN 46835 – (260) 486-8663